Question 1 Your answer is CORRECT Suppose you buy a piece...

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Practice Test 2.3.pdf

Question 1   Your answer is CORRECT . Suppose you buy a piece of office equipment for $ 15,000.00 . After 3 years you sell it for a scrap value of $ 4,000.00 . The equipment is depreciated linearly over 3 years . The rate of depreciation for the piece of equipment is
a ) $ 11,000.00 per year
b) $ 2,200.00 per year
c) $ 5,000.00 per year
d) $ 2,750.00 per year
e) $ 3,666.67 per year
f) None of the above .
Question 2   Your answer is CORRECT . A manufacturer has a monthly fixed cost of $ 100,000.00 and a production cost of $ 8 for each unit produced . The product sells for $ 21 per unit . The revenue function for this situation is
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Question 5   Your answer is CORRECT . Write the system of equations corresponding to the given augmented matrix : ( Note : The dotted vertical line in the matrix above should be a single vertical line . )
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PRINTABLE VERSION Practice Test 2 You scored 95 out of 100 Question 1 Your answer is CORRECT. Suppose you buy a piece of office equipment for $15,000.00. After 3 years you sell it for a scrap value of $4,000.00. The equipment is depreciated linearly over 3 years. The rate of depreciation for the piece of equipment is a) $11,000.00 per year b) $2,200.00 per year c) $5,000.00 per year d) $2,750.00 per year e) $3,666.67 per year f) None of the above.
Question 2 Your answer is CORRECT. A manufacturer has a monthly fixed cost of $100,000.00 and a production cost of $8 for each unit produced. The product sells for $21 per unit. The revenue function for this situation is
c) d) e) f) None of the above. Question 3 Your answer is CORRECT. A manufacturer has a monthly fixed cost of $30,000.00 and a production cost of $11 for each unit produced. The product sells for $17 per unit. The profit function for this situation is

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