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Cash Flow

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11th Grade - University

Used 127+ times

Cash Flow
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a company sells 400 units of their product at an average price of $15 per unit, what is their total revenue?

$6,000
$4,500
$4,000
$7,500

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A firm produces 500 units at a total cost of $2,000. What is their average total cost of production?

$4 per unit
$5 per unit
$3 per unit
$2 per unit

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The price of a product is $10, and the average total cost is $7. If the company produces and sells 25 units of the product, then what is their economic profit?

$2,500
$175
$75
$750

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The total cost for a company is $50. If the total variable cost is $20, then what is the total fixed cost for the company?

$20
$30
$40
$10

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a company increases production from 4 to 7 units, total revenue increases from $240 to $360. What is the marginal revenue (MR) of the last unit sold?

$30
$40
$51.50
$60.25

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a company earns $200 in total revenue when they produce 40 units, and they earn $40 in economic profit, then what is the company's average total cost per unit of production?

$4
$5
$10
$40

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Apple's 2016 revenue was $214.23 billion, and their net income (profit) was $45.69 billion. What was Apples total cost in 2016?

$168.54 billion
$157.24 billion
$172.53 billion
$161.51 billion

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