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6 Cards in this Set

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What is the formula of labour productivity?

Labour productivity = total output/total input

What is the formula of unit costs?

Unit costs = total cost/output

What is the formula of capacity utilisation?

Capacity utilisation = actual output/ maximum output X 100

What is the formula of labour productivity?

Low productivity = total output / Number of employees

What is the formula of total costs?

Total costs = fixed costs + variable costs

TC = FC + VC

What is the formula for profit?

Profit = Revenue - total costs