Linear Function Applications Multiple Choice Questions and Answers 1 PDF Download

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MCQ on Linear Function Applications Test 1Quiz PDF Download

MCQ: Profit margin is negative if

  1. profit contribution > fixed costs
  2. profit contribution < fixed costs
  3. fixed cost is zero
  4. profit contribution > fixed costs


MCQ: In depreciation function V = ƒ(t) then t is

  1. interest value
  2. time from purchase date
  3. purchased value
  4. sold value


MCQ: Product sold price is $50 USD then revenue function is

  1. R(50) = 50 + x
  2. R(x) = 50x
  3. R(50) = x
  4. R(x) = 50 + x


MCQ: Function describing relationship of price related to suppliers agreed quantities to produce material and to supply it is classified as

  1. selling function
  2. unit function
  3. supply function
  4. manufacturing function


MCQ: In function quantity = ƒ(price per unit), independent variable is

  1. profit per unit
  2. price per unit
  3. demand per unit
  4. cost per unit