Business Mathematics MCQs - Chapter 4

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

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Linear Function Applications Questions & Answers PDF Download: MCQ Quiz 6

MCQ 26: When the cost exceeds revenue it is classified as

net gain
surplus
deficit
net profit

MCQ 27: In the function P(15,000) = 25(15000) - 150,000, the profit is

$525,000
$225,000
$375,000
$425,000

MCQ 28: The type of function in which the quantity demanded of a product varies with the price is classified as

linear production function
linear demand function
linear cost function
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

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

competitors' price
independent price
quantity demanded
quantity priced

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