Economics

cultural differences

currency

land

language

laws

Enables easy location of required figures

Helps to calculate derived quantities

Makes for easy comparison of figures

Occupies more space than mathematical equation

Shows whether the figures are increasing or decreasing

average fixed cost plus average variable cost

change in total cost divided by change in output

total cost divided by total output

total fixed cost plus total variable cost

total variable cost divided by total output

4.21

3.24

3.42

4.54

consumer’s income

effective demand

effective supply

equilibrium price

general price level