business paper 1 calculations
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Last updated 5:27 PM on 5/8/25
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5 Terms
1
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Revenue
Price x quantity sold
2
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Total costs
Fixed costs+variable costs
3
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Profit(or loss)
Profit = revenue-total costs
4
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Productivity
Output/number of workers
5
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Average unit costs
Total costs/ output
Note 
Flashcards (57)