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Frequently Asked Questions

What is the purpose of a formula?

Formulas are used to express relationships between various quantities, such as temperature, mass, or charge in physics; supply, profit, or demand in economics; or a wide range of other quantities in other disciplines. An example of a formula used in science is Boltzmann's entropy formula.

What are the benefits of using formula?

A formula performs calculations or other actions on the data in your worksheet. A formula always starts with an equal sign (=), which can be followed by numbers, math operators (such as a plus or minus sign), and functions, which can really expand the power of a formula.

What are the different types of formulas?

When the chemical compound of the formula consists of simple molecules, chemical formulas often employ ways to suggest the structure of the molecule. There are several types of these formulas, including molecular formulas and condensed formulas.

What is the formula for calculating total cost?

The basic formula for the total cost function is total cost equals fixed costs plus X times the variable costs. X represents the number of units a company produces in a given time period. A company can plug different values into X in order to find the best variable costs for the total cost formula.

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