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4-The equation for the vertical line containing the point (4,3) is :
a- x = 4 - 3y
b- x = 4
c- x = 4 + 3y
d- x = - 4
5- The slope for a line containing the points (2,3) and (1,0) is :
a- 2
b- - 2
c- 3
d- - 3
6-The equation of a line that has a slope of - 2 / 3 and containing the point (1,3) is :
a- 3y = - 2x + 11
b- - 2 / 3 x –y = - 11 / 3
c- both a and b are right
d- neither a nor b are right
7- The cost to the Chicago Tribune for Sunday home delivery is approximately $0.53 per newspaper with
fixed costs of $1,070,000.
The equation that relates the cost C and the number of copies x is:
a- C = 0.53 x – 1,070,000
b- C = 0.53 x + 1,070,000
c- C = 1,070,000 – 0.53 x
d- None of the above
a- 2
b- 1
c- Undefined
d- Zero
10- The slope of a line containing the points (-4,-2) and ( 5,-2) is :
a- Zero
b- Undefined
c- -1/2
d- -2
11- In 2000, the cost of a compact car averaged $ 12,500. In 2003, the cost of a compact car averaged $
14,450. Assuming that the relationship between time and cost is linear , the predicted cost of the car in
2005 will be :
a- $ 17,550
b- $ 15,750
c- $ 17,250
d- $ 17,250
13- If a manufacturer produces items at a daily cost of $ 0.75 per item and sells them for $ 1 per item, and
the daily operational overhead is $ 300. The break-even point is
a- 75 items
b- 150 items
c- 300 items
d- 1200 items
15- The equation of the horizontal line containing the point ( -1,-3) is :
a- X + Y = - 3
b- X = - 1
c- Y = - 3
d- Y = 3
a- 2
b- - 2
c- 3
d- - 3
17- The Oliver Company plans to market a new product. The selling price will be $2 per unit. Variable costs
are estimated to be 40 % of the selling price. Fixed costs are estimated to be $ 6000.
The break-even point would be:
a- 3750 units
b- 5000 units
c- 5500 units
d- 7500 units
18- A clothing store sells a shirt costing $20 for $33 and a jacket costing $60 for $93.
(i) If the markup policy of the store is assumed to be linear, write an equation that expresses retail price R
in terms of cost C.
(ii) What does a store pay for a suit that retails for $240?
19 - A donut shop has a fixed cost of $124 per day and a variable cost of $0.12 per donut. How many donuts
can be produced for a total daily cost of $250?
(a) 950
(b) 1000
(c) 1050
(d) 1100
20- Find the slope and y intercept of the graph of the following equation.
y = (-5/2) x + 9
(a) m = 5 , y-intercept = 2
(b) m = -5/2 , y-intercept = 2
(c) m = -5/2 , y-intercept = 9
(d) m = 9 , y-intercept = -5/ 2
21 - A charter fishing company buys a new boat for $224,000 and assumes that it will have a trade-in value
of $115,200 after 16 years.
(i) Find a linear model for the depreciated value V of the boat t years after it was purchased.
(ii) What is the depreciated value of the boat after 10 years?
22- Supply and demand. At a price of $1.94 per bushel, the supply of corn is 9,800 million bushels and the
demand is 9,300 million bushels. At a price of $1.82 per bushel, the supply is 9,400 million bushels and the
demand is 9,500 million bushels.
(i) Find a price-supply equation of the form p = mx + b.
(ii) Find a price-demand equation of the form p = m.x + b.
(iii) Find the equilibrium point.