Represents Real-life situations using functions

Functions often used to model real life functions

• True

• False

• sometimes

• maybe yes or no

A _____________________ is used to show relationship between two or more quantities.

• function model

• cost function

• revenue function

• profit function

In the cost function, expenses for the production of product is called _______________________

• variable cost

• total cost

• fixed cost

• independent cost

In the cost function, the expense of making one product is called _______________________.

• variable cost

• total cost

• fixed cost

• independent cost

In the cost function, the expense that remain the same no matter how much product is manufactured or sold is called ______________________

• variable cost

• total cost

• fixed cost

• independent cost

in the Revenue function, the amount received for the sale of goods or payments for the services rendered is called______________

• revenue

• total revenue

• sales

• payments

In the profit function, ___________________ is the money earned after paying the costs of producing and selling products or services

• total expense

• total loss

• total revenue

• total profit

Profit function is equal to Revenue minus total Cost or

P(x) = R(x) -C(x)

• true

• false

• sometimes

• maybe

In cost function, we use the formula C(x) = VX + F

• true

• false

• sometimes

• maybe

Which is/are example/s of real life functions?

• water bill depends on water consumption

• speed is a function of time and distance

• revenue is based on the price and number of products sold

• all of the above