yellow Flashcards
1
Q
% Change
A
(new value – original value) / original value x 100
2
Q
Total Revenue
A
Selling Price x Number Sold
3
Q
Total Fixed Cost
A
All fixed costs added together
4
Q
Total Variable Cost
A
Variable cost per unit x Number sold
5
Q
Total Cost
A
Total Fixed Cost + Total Variable Cost
6
Q
Profit
A
Total Revenue – Total Cost
7
Q
Unit Costs
A
Total Cost ÷ Output
