Question 1

A company makes flower pots.The flower pots have an expense equation of E = 2.75q + $24,582.What is the fixed cost in the expense function?

Accepted Answer

The answer of A company makes flower pots.The flower pots...

Question 2

In the revenue equation R = -360p2 + 28,800p,what is the price that should be set that leads to the maximum revenue?

Accepted Answer

A)  $50 
B)  $30 
C)  $80 
D)  $40

Question 3

In the revenue equation R = -360p2 + 28,800p,what is the maximum revenue that can be expected?

Accepted Answer

A)  $1,728,000 
B)  $576,000 
C)  $540,000 
D)  $518,400

Question 4

A new company manufactures tennis rackets.The fixed expenses are $78,490,and the variable expenses are $14 per racket produced.What is the expense of producing 3,500 rackets?

Accepted Answer

A)  $49,000 
B)  $81,990 
C)  $127,490 
D)  $147,900

Question 5

Custom Tees has determined that its expense and revenue functions are E = −1040p + 91,520 and R = −260p² + 15,600p − 108,160.What is the maximum profit that this company can expect to make?

Accepted Answer

The answer of Custom Tees has determined that its expense...

Question 6

When does undercoverage occur?

Accepted Answer

The answer of When does undercoverage occur?...

Question 7

Determine the expense E for production of an item when the price of $74.99 has been established.Fixed expenses are $59,000 and each unit produced costs $42.00 to make.The demand function has been determined to be q = 67p + 74,000.

Accepted Answer

The answer of Determine the expense E for production of...

Question 8

The costs for postage and packaging are examples of fixed expenses.

Accepted Answer

A) True 
 B)False

Question 9

The Sports Brand Company is making a new shoe that has a wholesale price of $60,and it wishes to advertise a retail price of $149.99.What is the markup percentage?

Accepted Answer

The answer of The Sports Brand Company is making a...

Question 10

If you were doing a study,your class,sports team,neighborhood,or community center could be considered convenience samples.

Accepted Answer

A) True 
 B)False

Question 11

A new Google cell phone has a markup of 175% and sells for $650.00.What is the wholesale price of the cell phone?

Accepted Answer

The answer of A new Google cell phone has a...

Question 12

Where the graphs of supply and demand functions intersect,the market is in equilibrium.

Accepted Answer

A) True 
 B)False

Question 13

A trademark claims ownership of the idea for an invention.

Accepted Answer

A) True 
 B)False

Question 14

Jeff prepares meals in the home of his customers.His fixed cost for transportation and supplies is $14.50.The labor and groceries needed for each family meal is $8.80,so the expense function is E = 5.7q + 8.8.

Accepted Answer

A) True 
 B)False

Question 15

What is a zero net difference?

Accepted Answer

The answer of What is a zero net difference?...

Question 16

A demand function for step stools manufactured by U-Step is q = -720p + 20,500.What is the revenue if the price per step stool is $18?

Accepted Answer

A)  $369,000 
B)  $135,720 
C)  $28,040 
D)  $7,540

Exam 9: Modeling a Business

A company makes flower pots.The flower pots have an expense equation of E = 2.75q + $24,582.What is the fixed cost in the expense function?

In the revenue equation R = -360p² + 28,800p,what is the price that should be set that leads to the maximum revenue?

In the revenue equation R = -360p² + 28,800p,what is the maximum revenue that can be expected?

A new company manufactures tennis rackets.The fixed expenses are $78,490,and the variable expenses are $14 per racket produced.What is the expense of producing 3,500 rackets?

Custom Tees has determined that its expense and revenue functions are E = −1040p + 91,520 and R = −260p² + 15,600p − 108,160.What is the maximum profit that this company can expect to make?

When does undercoverage occur?

Determine the expense E for production of an item when the price of $74.99 has been established.Fixed expenses are $59,000 and each unit produced costs $42.00 to make.The demand function has been determined to be q = 67p + 74,000.

The costs for postage and packaging are examples of fixed expenses.

The Sports Brand Company is making a new shoe that has a wholesale price of $60,and it wishes to advertise a retail price of $149.99.What is the markup percentage?

If you were doing a study,your class,sports team,neighborhood,or community center could be considered convenience samples.

A new Google cell phone has a markup of 175% and sells for $650.00.What is the wholesale price of the cell phone?

Where the graphs of supply and demand functions intersect,the market is in equilibrium.

A trademark claims ownership of the idea for an invention.

Jeff prepares meals in the home of his customers.His fixed cost for transportation and supplies is $14.50.The labor and groceries needed for each family meal is $8.80,so the expense function is E = 5.7q + 8.8.

What is a zero net difference?

A demand function for step stools manufactured by U-Step is q = -720p + 20,500.What is the revenue if the price per step stool is $18?

Exam 9: Modeling a Business

A company makes flower pots.The flower pots have an expense equation of E = 2.75q + $24,582.What is the fixed cost in the expense function?

In the revenue equation R = -360p2 + 28,800p,what is the price that should be set that leads to the maximum revenue?

In the revenue equation R = -360p2 + 28,800p,what is the maximum revenue that can be expected?

A new company manufactures tennis rackets.The fixed expenses are $78,490,and the variable expenses are $14 per racket produced.What is the expense of producing 3,500 rackets?

Custom Tees has determined that its expense and revenue functions are E = −1040p + 91,520 and R = −260p2 + 15,600p − 108,160.What is the maximum profit that this company can expect to make?

When does undercoverage occur?

Determine the expense E for production of an item when the price of $74.99 has been established.Fixed expenses are $59,000 and each unit produced costs $42.00 to make.The demand function has been determined to be q = 67p + 74,000.

The costs for postage and packaging are examples of fixed expenses.

The Sports Brand Company is making a new shoe that has a wholesale price of $60,and it wishes to advertise a retail price of $149.99.What is the markup percentage?

If you were doing a study,your class,sports team,neighborhood,or community center could be considered convenience samples.

A new Google cell phone has a markup of 175% and sells for $650.00.What is the wholesale price of the cell phone?

Where the graphs of supply and demand functions intersect,the market is in equilibrium.

A trademark claims ownership of the idea for an invention.

Jeff prepares meals in the home of his customers.His fixed cost for transportation and supplies is $14.50.The labor and groceries needed for each family meal is $8.80,so the expense function is E = 5.7q + 8.8.

What is a zero net difference?

A demand function for step stools manufactured by U-Step is q = -720p + 20,500.What is the revenue if the price per step stool is $18?

In the revenue equation R = -360p² + 28,800p,what is the price that should be set that leads to the maximum revenue?

In the revenue equation R = -360p² + 28,800p,what is the maximum revenue that can be expected?

Custom Tees has determined that its expense and revenue functions are E = −1040p + 91,520 and R = −260p² + 15,600p − 108,160.What is the maximum profit that this company can expect to make?