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6 Cards in this Set
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- Back
- 3rd side (hint)
What is the formula of labour productivity? |
Labour productivity = total output/total input |
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What is the formula of unit costs? |
Unit costs = total cost/output |
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What is the formula of capacity utilisation? |
Capacity utilisation = actual output/ maximum output X 100 |
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What is the formula of labour productivity? |
Low productivity = total output / Number of employees |
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What is the formula of total costs? |
Total costs = fixed costs + variable costs |
TC = FC + VC |
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What is the formula for profit? |
Profit = Revenue - total costs |
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