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Unformatted text preview: Mahoney Exam 03 MGF1107 Summer B 2010 UF Name: _____________________________ UF ID: ___ ___ ___ ___ ___ ___ ___ ___ Form P , Page 1 of 10 Print your full name and UFID # at the top of the page. You will have 70 minutes to complete this exam. When you receive this exam, tear off this page. You will only turn in this page, unless stated otherwise. You may keep your exam. You may write on any part of your exam. The back two pages may be used as scratch paper. Scientific Calculators may used on this exam. Graphing Calculators and Cell Phones may not. You must sign the honesty statement below. You may leave when you are done. Good Luck! Honor Statement: "On my honor, I have neither given nor received unauthorized aid in doing this assignment." Signature: ________________________________________ Fill-In The Blank [2 points each.] 1. 7. 2. 8. 3. 9. 4. 10. 5. 11. 6. 12. Multiple Choice [3 points each.] 1. 5. 2. 6. 3. 7. 4. 8. The Free Response Section is on the Back of this Page. Mahoney Exam 03 MGF1107 Summer B 2010 UF Name: _____________________________ UF ID: ___ ___ ___ ___ ___ ___ ___ ___ Form P , Page 2 of 10 Free Response 4 points each 1. In Marks new business venture he rents a tiny kiosk window for $1000 a month from which he sells delicious flavor infused grass juice beverages at $5 a beverage. Mark spends about $3 to make each delicious grass juice drink. a) Identify the Fixed Costs, Variable Costs, and Per Unit Revenue. Fixed Cost: _______________, Variable Cost: _______________, Per Unit Revenue: _______________ b) Write down the Cost, Revenue, and Profit functions. Cost Function: ________________________ Revenue Function: ________________________ Profit Function: _______________________ c) Find the break-even point by setting gG = G and solving for...
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This note was uploaded on 07/23/2011 for the course MGF 1107 taught by Professor Staff during the Fall '08 term at University of Florida.
- Fall '08