question
Total costs formula
answer
fixed costs + variable costs
question
Profit formula
answer
total revenue - total cost
question
Decision tree formula
answer
Expected value - initial cost of decision
question
Break even output formula
answer
Fixed costs Divide contribution per unit
question
Price elascity of demand formula
answer
Percentage change in quantity demand / percentage change price x 100
question
What is elastic and what is inelastic
answer
Inelastic - 0 to -1
Elastic value greater than 1u
Elastic value greater than 1u
question
Productivity formula
answer
Total output / number of workers
question
Capacity utilisation formulaa
answer
Actual output /
question
Labour productivity formula
answer
Output / number of employees
question
Margin of saftey
answer
actual level of output - break even level of output
Order an Essay Now & Get These Features For Free:
Turnitin Report
Formatting
Title Page
Citation
Outline
