Business Mathematics MCQs – Practice Test 7 (Chapter 4)

Linear Function Applications Quiz with Answers PDF Download – Test 7

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Learn Linear Function Applications Quiz Questions and Answers PDF for online courses for business management degree. Download the Linear Function Applications Quiz PDF e-Book, Ch. 4-7 to learn Business Mathematics Course. Practice Linear Functions in Maths MCQs, Linear Function Applications MCQ questions and answers PDF for online courses for business management degree. Download the Business Mathematics Study App: Free Linear Function Applications Quiz App to learn break even analysis in finance, break even analysis calculations career test for online BS business administration.

Download the Business Mathematics Study App (iOS & Android) with MCQ: "Fixed cost is $60,000 USD and every extra unit sold of that product will increase the revenue by $20 then cost function is"; with answers: y = ƒ(x) = 60,022x, y = ƒ(20x) = 59,978, y = ƒ(x) = 20x+ 60,000, and y = &fnof(x) = 60,000x+ 20. Study Graphic Solutions Quiz Questions, download Google Book (Free Chapter) for online courses for business management degree.

Linear Function Applications Quiz – Practice Test 7 PDF Download

MCQ 31: The fixed cost is $60,000 USD and every extra unit sold of that product will increase the revenue by $20 then cost function is:

y = ƒ(20x) = 59,978
y = ƒ(x) = 60,022x
y = ƒ(x) = 20x+ 60,000
y = ƒ(x) = 60,000x+ 20

MCQ 32: The raw material cost is $6.5 USD, labor cost of assembly department $3 USD and total fixed cost is $30,000 USD then cost function is:

30,000x⁄9.5
30,000x+9.5
9.5(30000x)
9.5x+30,000

MCQ 33: The relationship between two variables which are demanded quantity and pre unit price is:

direct
inverse
linear
quadratic

MCQ 34: The main concern in analysis of firm's break-even analysis is identifying level of output which results in:

zero profit
high profit
low profit
market leading profits

MCQ 35: The fixed cost⁄contribution to fixed cost and profit is formula used to calculate:

break-even level output
break-even level input
break-even variable cost
break-even fixed cost

Linear Function Applications Quiz App & e-Book – Business Mathematics Study Material

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