4863145
Descrição
FlashCards por Kaisha Revell, atualizado more than 1 year ago
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Criado por Kaisha Revell
mais de 8 anos atrás
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| Questão | Responda |
| Revenue | Revenue = price x quantity |
| TC,FC and VC | Total costs = Fixed Costs + Variable Costs or TC = FC + VC. This means FC = TC – VC and VC = TC ‐ FC |
| Average cost and variable cost per unit | Average costs = Total Cost / Output |
| Profit | Profit = revenue – total costs |
| Gross profit | Gross profit = revenue – variable costs |
| Net profit | Net profit = revenue – total costs |
| Contribution per unit | Contribution per unit = selling price per unit – unit variable costs |
| Total contribution | Total contribution = contribution per unit x number of items sold |
| Break even | break even level of output = fixed costs/contribution per unit |
| Capacity utilisation | current output/ maximum output x 100 |
| Price elasticity | PED = percentage change in demand of good X / percentage change in price of good X. |
| Income elasticity | YED = percentage change in demand / percentage change in income |
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