OpenTuition.com Free resources for accountancy students
Free ACCA lectures and course notes | ACCA AAT FIA resources and forums | ACCA Global Community
F5 Revision lectures
November 11, 2015 at 3:30 pm
Once I got the idea of how many 5000 we have in 80000 and the multiply by the change in the price, I realized that we just solve an equation with one unknown (which is a).
So why we do not just take the equation a= P + bQ and find easily the value of a?
Thank you in advance.
John Moffat says
November 11, 2015 at 3:33 pm
But that is exactly the same as what I am doing
(It does not matter how you get the figures as long as (obviously) you end up with the right figures)
November 11, 2015 at 3:43 pm
and one more thing. can we take as known the profit equation ? = TR-TC?
November 11, 2015 at 4:26 pm
Total profit is indeed total revenue less total costs.
(But I am not really sure what it is you are asking)
June 3, 2013 at 10:36 am
June 3, 2013 at 7:34 am
June 3, 2013 at 7:20 am
You must be logged in to post a comment.
OpenTuition.com is dedicated to providing all accountancy students throughout the world with the resources they need to study for the major … Learn more