Business Mathematics MCQs - Chapter 4

Linear Function Applications Trivia Questions and Answers PDF - 8

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Linear Function Applications Questions & Answers PDF Download: MCQ Quiz 8

MCQ 36: The purchase cost is $25,000 USD, the salvage value is $5000 USD and the useful life is 5 years then the depreciation of asset is

$6,000
$4,000
0.025 times
25%

MCQ 37: The function of quantity demanded of a product is written as

quantity = ƒ(price per unit)
price = ƒ(price per unit)
quantity = ƒ(price per unit)(quantity)
new price = ƒ(price per unit)(total cost)

MCQ 38: In the function P(x) = 75x - (55x + 150,000) the slope is

55
75
150,000
132

MCQ 39: The increase in prices of a market offering in a market results in

increase in other product prices
increase in production cost
increase in demand
decrease in demand

MCQ 40: When the total cost is less than total revenue then the profit is

zero
very high
positive
negative

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