Business Mathematics Exam MCQs – Practice Test 12 (Chapter 4)

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Linear Function Applications MCQs – Practice Test 12 PDF Download

MCQ 56: The revenue function is R(x) = 60x and the cost function is C(x) = 40x+320,000 then the break-even point (in units) is:

15000 units
16000 units
18000 units
14000 units

MCQ 57: When the total cost exceeds total revenue then the profit is:

positive
negative
zero
very high

MCQ 58: The fixed cost is $30,000 USD and every extra unit sold of that product will increase the revenue by $5 USD then cost function is:

y = ƒ(5x) = 5(30,000+x)
y = ƒ(x) = (30,000+5)x
y = ƒ(x) = 5x+ 30,000
y = ƒ(x) = 30,000x+ 5

MCQ 59: The asset cost allocated for any given period of time is called:

appreciation
depreciation
depreciation profit
appreciation cost

MCQ 60: When the linear function of cost and revenue have same variables then the profit function have:

different variable
same variable
gain variable
loss variable

Linear Function Applications Exam Prep – Business Mathematics Notes App & e-Book

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