Profit (1.1.4)

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  • Created by: lee42
  • Created on: 24-05-19 09:36
What is the equation for profit?
Profit= total revenue - total costs
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What is the equation for average unit costs?
Total costs/output (total number of units produced)
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What is the equation for interest?
interest rate x the size of the loan
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Card 2

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What is the equation for average unit costs?

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Total costs/output (total number of units produced)

Card 3

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What is the equation for interest?

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Card 4

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Card 5

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