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WorksheetsG12_Math+for+Bus+Eco_Term+Exam_Mock+Test
Total questions: 20
Worksheet time: 3600secs
Which of the following is TRUE about point A?
Point A is in quadrant II
Point A is at (-4, 4)
Point A is along x-axis
None
Which point has negative y coordinate?
A and B
C and D
B and C
A and D
Which of the following expressions will yield a negative answer?
5(0) - 3(9)
5(-3) + 3(4)
5(-6) + 3(1)
All of the options
Which of the following functions has a negative slope?
Demand function
Supply function
Consumption function
Savings function
Which of the following pairs of goods is considered as substitutable?
Motorcycle and Helmet
Petrol gas and Car
Bread and Butter
Coffee and Tea
In which value(s) of x the equation: 2x + 5 = 13 will be TRUE?
-4
-9
4
9
Which of the following graphs could be a graph of demand function?
Figure 1
Figure 2
Figure 3
Figure 4
Which of the following graphs has a positive slope?
A and B
A and C
C and D
B and D
What kind of variable whose value is determined within a model?
Endogenous variables
Independent variable
Exogenous variable
Dependent variable
Which of the following equations will yield the greatest value for x = -2 and y = 3?
2x + y
x - y
xy
-5xy
Which of the following is true about the graph of TR function?
The graph of TR function is linear with negative slope
The graph of TR function is a quadratic equation facing upward
The graph of TR function is a quadratic equation facing downward
The graph of TR function is linear with positive slope
What is the meaning of the points of intersection of TR and TC functions?
Profitable points
Breakeven points
Point of zero production
Point of zero revenue
What is the meaning of the vertex of profit function?
Maximum profit
Minimum profit
Breakeven point
No interpretation
Which of the following describes the statement below. The maximum profit is equal to maximum revenue
Always
Sometimes
Never
What is the meaning of point of intersection of supply and demand function?
Breakeven point
Market equilibrium
Maximum price
Over priced product
Based on the mathematical model, at what production rates the firm will get no (or zero) revenue?
0 and 100
50
25
100
Based on the TR and TC model, at which production rate the firm could get maximum revenue?
0 and 100
100
50
0
The mathematical model shows the supply and demand function of a commodity. The green line represents the addition of government tax in the product. Based on the model, how is the government tax affects the market equilibrium?
It makes the ideal price higher
It makes the ideal price lower
It makes a proportional change to the ideal price
It makes no change
Based of the mathematical model, what is the autonomous consumption?
20 - The y intercept of supply function
120 - The y intercept of demand function with tax
90 - The y intercept of the demand function without tax
30 - The x intercept of the demand function without tax
Which of the following is the equal to the given equation?
