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It depends on what is being calculated? Basically, a collection of something is counted as 1, 2, 3, and so on, to give a total. A simple instance is in counting loose two pence (UK) coins: piles of two pence coins are stacked in tens, then the piles are counted as 10, 20, 30, and so on. Or if there are 34 piles of 10 coins, then 34 x 10 = 340 pence (£3.40).

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What formula is used to calculate quantity?

You can calculate quantity in Excel with the SUM function.


How do you calculate profit when quantity is added?

To calculate profit when quantity is added, you need to subtract the total cost of producing the additional quantity from the revenue generated by selling that quantity. The profit formula is: Profit = Total Revenue - Total Cost. Determine the additional revenue and additional cost associated with the added quantity to calculate the profit accurately.


How do you calculate the quantity demanded when the elasticity is given?

To calculate the quantity demanded when the elasticity is given, you can use the formula: Quantity Demanded (Elasticity / (1 Elasticity)) (Price / Price Elasticity). This formula helps determine the change in quantity demanded based on the given elasticity and price.


How can one calculate the total revenue in economics"?

To calculate total revenue in economics, multiply the price of a product by the quantity sold. Total revenue Price x Quantity.


How do you calculate fixed cost when you only have quantity and total cost?

Find total cost when quantity = 0.


How can one calculate the quantity demanded when the price is given?

To calculate the quantity demanded when the price is given, you can use the demand function or demand curve. Simply plug in the given price into the equation or curve to find the corresponding quantity demanded.


How do you calculate quantity of isolated sloped footing?

You can calculate the quantity of isolated sloped footing by substituting variables for what you are trying to solve for. For instance, substitute x for rise and y for run.


If you know the input distance and output distance of a machine which quantity can you calculate?

You can calculate the mechanical advantage of the machine.


How can one determine the excess supply in a market and calculate it effectively?

To determine excess supply in a market, compare the quantity of a good or service supplied by producers to the quantity demanded by consumers. Excess supply occurs when the quantity supplied exceeds the quantity demanded at a given price. To calculate it effectively, subtract the quantity demanded from the quantity supplied at a specific price point. If the result is positive, there is excess supply in the market.


What quantity is used to calculate the amount of electric consumpton?

The quantity you pay for is energy. It's calculated as (power) x (time).


What quantity did the student calculate?

The student calculated the average velocity of an object.


How do you calculate fixed cost using total cost and quantity?

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