Business Mathematics MCQs – Practice Test 8 (Chapter 4)

Linear Function Applications Notes Questions and Answers PDF – Test 8

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Free Linear Function Applications Notes App Download: Function of quantity demanded of a product is written as; MCQ with answers: price = ƒ(price per unit), quantity = ƒ(price per unit), quantity = ƒ(price per unit)(quantity), and new price = &fnof(price per unit)(total cost). Practice Polynomial & Rational Functions Quiz Questions, download Kobo e-Book (Free Chapter) for online business certifications.

Linear Function Applications Notes Q&A PDF Download – Practice Test 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

Linear Function Applications Notes App & e-Book – Business Mathematics Admission Tests

Systems of Linear Equations MCQs

Introduction to Applied Mathematics MCQs

Linear Equations MCQs

Simplex and Computer Solution Method MCQs

Matrix Algebra MCQs

Quadratic and Polynomial Functions MCQs

Mathematics of Finance MCQs

Exponential and Logarithmic Functions MCQs

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