Question

(1) 4³ is the same as

Select one:

a. 16

b. 64

c. 8

d. none of the above

(2) A man buys 3 burgers and 2 jumbo deluxe fries for $7.40. A woman buys one burger and 4 jumbo deluxe fries for $7.80. How much is the burger and how much are the fries?

Select one:

a. Burger = $1.40, Fries = $1.60

b. Burger = $1.50, Fries = $1.80

c. Burger = $2.80, Fries = $2.00

d. Burger = $2.00, Fries = $2.80

(3) When the following equation holds true, we are not at the breakeven level in dollars: Sales - Variable Costs = Fixed Costs

Select one:

a. TRUE

b. FALSE

(4) The contribution margin is the amount that can be contributed to variable costs.

Select one:

a. TRUE

b. FALSE

(5) To separate an unknown variable from its exponent one should

Select one:

a. multiply the exponent by itself.

b. find the value of the unknown.

c. divide the exponent by its inverse.

d. none of the above.

(6) The fixed costs for a certain project are $50 and it costs $2 to produce one unit. The equation that relates y (total costs) to x (total number of units produced) is y = 50 + 2x.

Select one:

a. TRUE

b. FALSE

(7) An upward sloping parabola has a maximum point at its vertex.

Select one:

a. TRUE

b. FALSE

(8) An appliance manufacturer's total costs are equal to its fixed costs plus its monthly rent.

Select one:

a. TRUE

b. FALSE

(9) Plot A of Astan Apple Orchard's produced an average of 246.343 bushels of apples over the last 5 years. The average number of bad bushels in this same period was 20.12. The approximate percentage of bad bushels was

Select one:

a. 1%

b. 3%

c. 15%

d. 20%

e. None of the above.

(!0) You can solve for two unknown variables with two equations.

Select one:

a. TRUE

b. FALSE

Answer 1