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Exam (elaborations)

AGBM EXAM 1 with verified answers graded A+ passed

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AGBM EXAM 1 with verified answers graded A+ passed

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AGBM EXAM 1 with verified answers
graded A+ passed

TR (total revenue) - correct answer ✔✔P x Q



TC (total cost) - correct answer ✔✔TFC + TVC



AFC (average fixed costs) - correct answer ✔✔TFC/Q



AVC (average variable costs) - correct answer ✔✔TVC/Q



ATC (average total cost) - correct answer ✔✔TC/Q



Gross Margin - correct answer ✔✔price-AFC



Profit Margin - correct answer ✔✔Price-ATC



Profit - correct answer ✔✔TR-TC



EQ calculation - correct answer ✔✔intercept+slope*eq cell

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