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Business Mathematics Entrance Exam: Practice Test 6 (Chapter 4)

Linear Function Applications Multiple Choice Questions (MCQ) PDF Download - 6

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Linear Function Applications MCQs with Answers PDF Download: Quiz 6

MCQ: 26

When the cost exceeds revenue it is classified as

  1. net gain
  2. surplus
  3. deficit
  4. net profit
MCQ: 27

In the function P(15,000) = 25(15000) - 150,000, the profit is

  1. $525,000
  2. $225,000
  3. $375,000
  4. $425,000
MCQ: 28

The type of function in which the quantity demanded of a product varies with the price is classified as

  1. linear production function
  2. linear demand function
  3. linear cost function
  4. linear price function
MCQ: 29

The fixed cost is $150,000 USD and break-even point is 7500 units then contribution to fixed cost and profit is

  1. $40
  2. $10
  3. $20
  4. $30
MCQ: 30

In the graph of function demanded quantity = ƒ(price per unit), the variable which is to be plotted on the y-intercept is

  1. competitors' price
  2. independent price
  3. quantity demanded
  4. quantity priced

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Linear Function Applications MCQs App (Android & iOS)

Linear Function Applications MCQs App

Business Mathematics MCQs App (iOS & Android)

Business Mathematics MCQs App

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Marketing Principles MCQ App

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Financial Management MCQ App