Business Mathematics Competitive Exam MCQs – Practice Test 5 (Chapter 4)

Linear Function Applications MCQs with Answers PDF Download – Test 5

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Linear Function Applications MCQs – Practice Test 5 PDF Download

MCQ 21: The decrease in prices of a market offering in a market results in:

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

MCQ 22: The total cost is $20,000 USD and profit is $40,000 USD then the total revenue is:

$0.50
$60,000
$20,000
$2

MCQ 23: In the function P(20,000) = 25(20,000) - 150,000, the profit is:

$250,500
$350,000
$500,000
$650,000

MCQ 24: The type of linear function written as quantity supplied = ƒ(market price) is classified as:

supply function
manufacturing function
selling function
unit function

MCQ 25: In the function quantity = ƒ(price per unit), the dependent variable is:

competitors' price
independent price
quantity demanded
quantity priced

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