In economics, the aim is to make a profit for your firm. This happens when your revenue exceeds costs. To calculate this, there are many equations you must know.
Total Cost = Fixed Costs + Variable Costs
Fixed costs are a cost that does not varie when you change the units produced.
Variable Costs change with the units produced.
Total Revenue = Price per unit x Number of units sold
Average Revenue = Total Revenue/Number of units sold
Average Cost = Total Cost/ Number of units produced
Break-even point happens when
Total Revenue = Total Cost
And my favourite equation
Profit = Total Revenue - Total Cost
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2 comments:
tu, vaya MIERDA!!!
pense q esto te lo habias currado, jajajaja
MUERETE JUANLUIS!!!
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