AFA 9.6 Quiz

Write the expense equation in terms of demand, q.

• E = Vp+F

• E = Vq+F

• E = p*q

Express the expense function in terms of the price, p.

• Expense = Vq + F

• Expense = Vp + F

• Expense = p*q

• Expense = Revenue

Write the revenue function in terms of the price.

• R(p) = p * q

• R(p) = q / p

• R(p) = p + q

• R(p) = p - q

What price will yield the maximum revenue?

• $10

• $20

• $30

• $40

What is the revenue at the maximum price? Round answers to the nearest cent.

• $100,000

• $150,000

• $200,000

• $250,000

What is the revenue at the break-even price of $7.50?

• $46,543

• $200,000

• $121,354

• $0

Sofia and Valentina have a What Cha Call It shop.

Javier and Hugo ask, 'What are their maximum price and revenue produced?' See the graph.

• $30 and $450,000

• $8 and $209,725

• $59 and $31,775

Which answer is an Expense Function in terms of price, p?

• E= 3.49p+43,897

• E=7.67x+b

• E = 2.50q+34,000

• E = 42p^2 + 50,000p

Tags

CCSS.HSF.LE.A.2

CCSS.8.F.B.4

Which function is an example of a demand function?

• q = 24x + b

• q = 24p + 32,000

• E = 2.5q + 4200

• R = E

What are characteristics of a breakeven analysis?

Check all that apply.

• 2 maximums

• 2 revenues

• 2 expenses

• 2 prices