NEW
Font size
S
M
L
XL
WorksheetsCash Flow
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
If a company sells 400 units of their product at an average price of $15 per unit, what is their total revenue?
a)
$6,000
b)
$4,500
c)
$4,000
d)
$7,500
2.
A firm produces 500 units at a total cost of $2,000. What is their average total cost of production?
a)
$4 per unit
b)
$5 per unit
c)
$3 per unit
d)
$2 per unit
3.
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?
a)
$2,500
b)
$175
c)
$75
d)
$750
4.
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?
a)
$20
b)
$30
c)
$40
d)
$10
5.
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?
a)
$30
b)
$40
c)
$51.50
d)
$60.25
6.
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?
a)
$4
b)
$5
c)
$10
d)
$40
7.
Apple's 2016 revenue was $214.23 billion, and their net income (profit) was $45.69 billion. What was Apples total cost in 2016?
a)
$168.54 billion
b)
$157.24 billion
c)
$172.53 billion
d)
$161.51 billion
8.
A company hires 3 workers for a day for $250 each, spends $400 on materials for the day, and pays a fixed daily rent of $100. What is the company's total cost for this day of operations?
a)
$1,250
b)
$750
c)
$1,000
d)
$1,150
9.
When a company produces one extra unit, their total cost increases from $7,500 to $8,000. What is the marginal cost of producing that extra unit?
a)
$500
b)
$8,000
c)
$7,500
d)
$250
10.
When a company spends $200 total on production. If they earn $500 in total revenue at a price of $50 per unit, then what is the company's average total cost of production for each unit?
a)
$20
b)
$50
c)
$30
d)
$10
Reset
