
Understanding Profit Functions and Break-even Analysis

Interactive Video
•
Mathematics, Business
•
9th - 12th Grade
•
Hard

Lucas Foster
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the total cost function for the computer manufacturer?
c(x) = 357x - 12,348
c(x) = 84x + 12,348
c(x) = 84x - 12,348
c(x) = 441x
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is the profit function derived from the revenue and cost functions?
By dividing the revenue function by the cost function
By multiplying the cost function with the revenue function
By subtracting the cost function from the revenue function
By adding the cost function to the revenue function
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the profit function for the computer manufacturer?
p(x) = 357x + 12,348
p(x) = 84x + 12,348
p(x) = 357x - 12,348
p(x) = 441x + 12,348
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much profit is made from selling 61 units?
$9,429
$21,777
$12,348
$357
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the break-even point in terms of profit?
When revenue equals cost
When cost is minimized
When profit is maximized
When revenue is zero
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many computers must be sold to break even?
33 computers
36 computers
35 computers
34 computers
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it necessary to round up the number of computers sold to the nearest whole number?
To increase the cost function
To avoid selling a fraction of a computer
To ensure the company makes a profit
To decrease the revenue function
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