
APPLICATIONS TO ECONOMICS
Authored by Austin C.
Mathematics
1st Grade

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22 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The demand for a product is given by q= 72−3p. Determine the revenue function.
3p^2−72p
72−3p^2
72−3p^2
p+ 3p^2
NOTA
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the demand function for a firm’s product is 40−4p, What is the revenue when price is N3?
N144
N132
N84
32
NOTA
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The demand function for a product is given by q= 200−6p. What is the marginal revenue and at what price is the marginal revenue equal to zero?
N18.0
N17.6
N16.6
N20.6
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Given a cost function as C(x) = 500 + 15x + 0.01x^2. Find the marginal cost and evaluate at x= 100 units.
17.02
32.33
40.02
18.02
NOTA
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
160
320
400
224
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Pr = 15−2x
Pr = x + 3
NOTA
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
235 units
625 units
781 units
431 units
NOTA
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