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Mathematics
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Calculus for Business Economics
Quiz 1: Functions, Graphs, and Limits
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Question 61
Multiple Choice
Each unit of a certain commodity costs p = 11x + 12 cents when x units of the commodity are produced. If all units are sold at this price, express the revenue derived from the sales as a function of x.
Question 62
Short Answer
A manufacturer's total cost consists of a fixed overhead of $250 plus production costs of $70 per unit. Express the total cost in dollars as a function of the number of units produced.
Question 63
Short Answer
A manufacturer's total cost consists of a fixed overhead of $350 plus production costs of $60 per unit. Express the total cost in dollars as a function of the number of units produced.
Question 64
Short Answer
A farmer is planning to plant a rectangular garden with an area of 4,000 square yards. The garden is to be fenced on all four sides. Express the number of yards of fencing required as a function of x, the long side of the fence.
Question 65
Short Answer
A farmer is planning to plant a rectangular garden with an area of 400 square yards. The garden is to be fenced on all four sides. Express the number of yards of fencing required as a function of x, the long side of the fence.
Question 66
Short Answer
A rectangle is constructed inside a circle of radius r with the corners of the rectangle lying on the circle. Express the area A of the rectangle as a function of the radius r if the width of one side of the rectangle is 2.