Soal Quiz 1 - Matbis ( 2024 )

1. A small manufacturer produce and sell 8 unit of certain product per day
at a cost of $5 per unit. If the price increase $10 per unit, this
manufacturer will increase production of 40 unit per day. Find the supply
function of this product !
a. P = 1/2Q + 3
b. P = 1/3Q + 5
c. P = 1/4Q + 3
d. P = 2/3Q + 3
e. P = 1/4Q + 5

2. Price of donut is Rp. 6,000/piece, and the seller can sell 4,000 pieces. If
the seller decrease the price to be Rp. 5,000/piece, she can sell donut of
5,000 pieces. If P: price of donut per piece and Q: Quantity of donut sold,
determine demand function of this donut !
a. P = 10,000 - Q
b. P = 6000 – 1/3 Q
c. P = 5000 + ½ Q
d. P = 5000 + 1/3 Q
e. P = 5000 – 2/3 Q
3. The seller can sell 26 unit of certain product if the price is $5 per unit.
If the price increase $10 per unit, his sales drop 20 unit. Find demand
function of this product !
a. P = - 1/2Q + 10
b. P = -1/2Q + 15
c. P = -1/2Q + 18
d. P = -1/3Q + 18
e. P = - 1/4Q + 20

4. A home industry produce and sell a product of Rp.500 ,- /piece, and he

can sell this products 1200 pieces per day. If price of this product
increase Rp. 100 / piece, he will increase the daily production of 300
pieces . Determine supply function of this product if P: price per piece
and Q: quantity of product sold !
a. P = 50 + ½ Q
b. P = 100+1/3Q
c. P = 50 + 1/4Q
d. P = 100 -1/2Q
e. P = 50 - 1/3Q

5. A manufacturer of a certain product can produce the product at a cost of

$ 30 per unit. Fixed cost of this manufacturer is $250,000 per year and
he can sell this product of $ 50 per unit. If P = selling price per unit of the
product and Q = quantity of the product produced and sold, determine
Total Cost Function of this manufacturer !
a. TC = 250,000 + 10Q
b. TC = 250,000 + 30Q
c. TC = 250,000 + 50Q
d. TC = 250,000 – 30Q
e. TC = 250,000 – 50Q
6. A manufacturer of battery for cellular phone can produce the battery at
a cost of $ 30 per unit. Fixed cost of this manufacturer is $250,000 per
year and he can sell this product of $ 50 per unit. If P = selling price per
unit of battery and Q = quantity of battery produced and sold, determine
Total Revenue Function of this manufacturer !
a. TR = 25Q
b. TR = 50Q
c. TR = 35Q
d. TR = 250,000+50Q
e. TR = 250,000+20Q

7. A manufacturer of battery for cellular phone can produce the battery at

a cost of $ 30 per unit. Fixed cost of this manufacturer is $250,000 per
year and he can sell this product of $ 50 per unit. If P = selling price per
unit of battery and Q = quantity of battery produced and sold, determine
Profit Function of this manufacturer !
a. Profit = 20Q – 250,000
b. Profit = 35Q - 250,000
c. Profit = 50Q - 250,000
d. Profit = 10Q – 250,000
e. Profit = 25Q + 250,000

8. A manufacturer of battery for cellular phone can produce the battery at

a cost of $ 30 per unit. Fixed cost of this manufacturer is $250,000 per
year and he can sell this product of $ 50 per unit. If P = selling price per
unit of battery and Q = quantity of battery produced and sold, determine
quantity of battery that should be produced and sold to achieve
Breakeven Point (BEP) !
a. Q = 1,000
b. Q = 2,000
c. Q = 3,000
d. Q = 10,000
e. Q = 12,500
9. Demand function of a good is: P +2Q = 50 and supply function of this
good is: P = 25 + ½ Q , where P : price and Q : quantity. Find P and Q at
equilibrium !
a. P = 25 ; Q = 15
b. P = 30 ; Q = 10
c. P = 25 ; Q = 10
d. P = 30 ; Q = 15
e. P = 15 ; Q = 25

10.Demand function of a good is: P + 2Q= 50 and supply function of this

good is: P = 25 + ½ Q , where P : price and Q : quantity. If
Government impose tax of $5 per unit of good, determine the new
supply function of this good !
a. P = ½ Q + 25
b. P = ½ Q - 30
c. P = ½ Q + 30
d. P = 1/3Q + 25
e. P = 1/3 Q + 30

11.Demand function of a good is: P+2Q = 50 and supply function of this

good is: P = 25 + ½ Q , where P : price and Q : quantity. If Government
impose tax of $5 per unit of good, Find P and Q at the new equilibrium
( after tax ) !
a. P = 35 ; Q = 12
b. P = 33 ; Q = 10
c. P = 34 ; Q = 10
d. P = 34 ; Q = 6
e. P = 34 ; Q = 8
12.Demand function of a commodity is: Q = 40 -2P and the supply function
is: 2P - Q = 10, where: P = price in $ and Q = quantity in unit. If the
government give subsidy of $5 per unit of commodity, find P and Q at
new equilibrium ( after subsidy ) !
a. P = $ 12,50 ; Q = 15
b. P = $ 10,00 ; Q = 15
c. P = $ 10,00 ; Q = 10
d. P = $ 10,00 ; Q = 20
e. P = $ 12,50 ; Q = 20

13.Demand and supply function of a good are given below:

P = 60 – 3Q and P = 40 + 2Q where P : price and Q : quantity.
Find P and Q at equilibrium !
a. P = 48 ; Q= 5
b. P = 48 ; Q = 4
c. P = 48 ; Q = 4,5
d. P = 50 ; Q = 4
e. P = 50 ; Q = 4.5

14.Demand and supply function of a good are given below:

P = 60 -3Q and P = 40 + 2Q where P : price and Q : quantity. If
government impose a fixed tax of $X on each good, and equilibrium
quantity after tax is 3, Find value of X !
a. X = 3
b. X = 4
c. X = 5
d. X = 6
e. X = 4.5
15.Demand function of a good is: P = 100 -2Q , where : P = price and Q =
quantity.
Find: Total Revenue function as the function of Q !
a. TR = 100Q - 2Q2
b. TR = 100Q + 2Q2
c. TR = 100Q +1/2Q2
d. TR = 200Q – 1/2Q2
e. TR = 200Q + 1/3Q2

16.Demand function of a good is: P = 100 -2Q , where : P = price and Q =

quantity.
Find: Total Revenue ( TR ) Maximum and the corresponding Q !
a. TR max = 1000 when Q = 25
b. TR max = 1250 when Q = 22
c. TR max = 1500 when Q = 30
d. TR max = 1000 when Q = 20
e. TR max = 1250 when Q = 25

17.If fixed cost of a company is $1000 and variable cost is $5 per unit
product. Find Total cost when the company produce 300 unit of
products !
a. TC = $3,000
b. TC = $2,500
c. TC = $2,000
d. TC = $3,500
e. TC = $4,000
18.If fixed cost of a company is $1000 and variable cost is $5 per unit
product. If the company produces 300 unit of products , find the
Average Cost ( AC) !
a. AC= $5,50
b. AC= $8,33
c. AC= $12,33
d. AC = $15,00
e. AC = $10,00

19.Given demand function of a good is: P +2Q = 25 and average cost

function is : AC = (32/Q) +5, where: P = price and Q = quantity. Find
Total Revenue Function ( TR ) as the function of Q !
a. TR = 25Q – 1/2Q2
b. TR = 30Q – 2Q2
c. TR = 25Q – 2Q2
d. TR = 30Q + 2Q2
e. TR = 25Q + 1/2Q2

20.Given demand function of a good is: P = 25 -2Q and average cost

function is : AC = (32/Q) +5, where: P = price and Q = quantity.
Find Total Cost ( TC ) if Q = 10 !
a. TC = $90
b. TC = $87
c. TC = $90
d. TC= $75
e. TC = $82
21.Given demand function of a good is: P = 25 -2Q and average cost
function is : AC = (32/Q) + 5, where: P = price and Q = quantity.
Find the profit if Q = 10 !

a. Profit = - $32
b. Profit = $50
c. Profit = $ 82
d. Profit = $32
e. Profit = - $50

22.Given demand function of a good is: P = 25 -2Q and average cost

function is : AC = (32/Q) +5, where: P = price and Q = quantity.
Find: Q at Breakeven Point ( BEP) !
a. Q = 10
b. Q = 12
c. Q = 15
d. Q1 = 2 ; Q2 = 8
e. Q1 = 2 ; Q2 = 6

23.Demand and Average Cost function of a certain good are given by: P
+2Q= 50
and AC = (30/Q) + Q + 3. Find maximum profit and corresponding Q !
a. Profit max = 154.08 ; Q=7.83
b. Profit max = 105.98 ; Q=6.50
c. Profit max = 99.68 ; Q= 7.83
d. Profit max = 152.53 ; Q=9.67
e. Profit max = 205.54 ; Q= 5.87
Ans: a
24.The projected population of a country follow the exponential function:
P = (100million).e0.05t , where: t= number of years after 2020. Predict
the population of this country for the years of 2050 !
a. P = 201.83 million
b. P = 217.83 million
c. P = 271.83 million
d. P = 376.89 million
e. P = 448.17 million

25.The projected population of a country follow the exponential function

below: P = (100million).e0.05t , where: t= number
of years after 2020. Determine t when population of that country will be
400million people
a. t = 10.50 years after 2020
b. t = 12.50 years after 2020
c. t = 27.73 years after 2020
d. t= 15.45 years after 2020
e. t = 18.67 years after 2020

26.A principal of $10,000 is invested at 8% p.a interest compounded

semiannually. Find future value of this investment after 4 years !
a. $ 12,667.70
b. $ 12,155.06
c. $ 12,624.77
d. $ 11,255.09
e. $ 13,685.69
27.A principal of $30,000 is invested at 12% p.a interest compounded
annually. After how many years will the investment first exceed
$300,000 ?
a. 10.0 years
b. 10.5 years
c. 18.7 years
d. 19.6 years
e. 20.3 years

28.A principal of $2,000 is invested at 10% interest compounded

continuously. After how many days will the investment first exceed
$3,000 !
a. 2,178 days
b. 415 days
c. 1,480 days
d. 800 days
e. 815 days

29.What effective rate ( Annual Percentage Rate ) is equivalent to a nominal

rate of 6% compounded monthly ?
a. 6.09%
b. 6.14%
c. 6.17%
d. 6.18%
e. 6.21%
30.How long will it take for a sum of money to triple if it is invested at 8%
compounded annually ?
a. 14.28 years
b. 12.00 years
c. 18.84 years
d. 17.87 years
e. 21.30 years

31.World oil reserves are currently estimated to be 600 billion barrel. If this
quantity is reduced by 6% a year, after how many years will oil reserves
drop below 100 billion barrel ?
a. 20.70 years
b. 21.43 years
c. 21.57 years
d. 23.50 years
e. 28.93 years

32.Suppose that Mr. Black owes Mr. Brown two (2) sums of money: $1,000
due in two years , and $600 due in five years from now. Mr. Black wishes
to pay off the total debt now by a single payment. How much should the
payment be, if interest rate is 10% compounded annually ?
a. $ 1,338.36
b. $ 1,600.00
c. $ 1,588.67
d. $ 1,475.65
e. $ 1,199.00
33. A person saves $200 in a bank account at the beginning of each month.
The bank offers a return of 12% pa compounded monthly. Find the total
amount saved after 12 months !
a. $ 2,400.00
b. $ 2,504.70
c. $ 2,261.86
d. $ 2,488.92
e. $ 2,561.8

34.A bank lends a borrower $ 4,500 and charges interest at nominal rate of
12% compounded monthly. The $4,500 plus interest is to be repaid by
equal payments of R at the end of each month for three ( 3 ) months.
Find R !
a. $ 1,500.00
b. $ 1,580.09
c. $ 1,578.87
d. $ 1,623.43
e. $ 1,530.09

35.Anwar invests $100 now and two-year later he invests again $200. If the
investment rate is 12% per annum, find the amount of his investment at
year 5, if the interest is compounded monthly !
a. $ 467.82
b. $ 460.78
c. $ 481.76
d. $ 490.43
e. $ 465.76
36.A project investment requires an initial outlay of $10,000 is guaranteed
to produce a return of $15,000 in 5 years’ time. The prevailing market
rate is 6% per year. Find NPV of this investment !
a. NPV = 658.64
b. NPV = -658.64
c. NPV = 754.78
d. NPV = -754.78
e. NPV = 1,208.87

37.A project investment requires an initial outlay of $10,000 is guaranteed

to produce a return of $15,000 in 5 years’ time. The prevailing market
rate is 6% per year. Find IRR of this investment !
a. IRR = 7.54%
b. IRR = 6.75%
c. IRR = 4.25%
d. IRR = 8.45 %
e. IRR = 5.32%

38.A project requires an initial outlay of $2,000 and the following estimated
returns over 2 years:

Year Return ( $ )
1 1,000
2 1,500
Assume the annual rate of interest is 6% compounded semi-annually,
find Net Present Value ( NPV ) of this project !
a. $325.33
b. $385.65
c. $275.33
d. $432.34
e. $523.21
39.Demand function of a good is : P + 3Q = 120. Find Marginal Revenue
( MR) at Q =15 !
a. MR = 80
b. MR = 75
c. MR = 58
d. MR = 50
e. MR = 30

40.Total Revenue ( TR ) function of a good is: TR = 90Q – Q2 , if the current

demand is 60, estimate the change in the value of TR due to a 2 unit
increase in Q !
a. Increase in TR of about 60 unit
b. Increase in TR of about 40 unit
c. Decrease in TR of about 50 unit
d. Decrease in TR of about 60 unit
e. There is no correct answer

41.The average cost function of a good is: AC = 15/Q + 3Q + 8. If the current

output ( Q ) is 15, estimate the effect on TC of a 2 unit decrease in Q !
a. Decrease on TC of about 196 unit
b. Decrease on TC of about 132 unit
c. Increase on TC of about 196 unit
d. Increase on TC of about 132 unit
e. There is no correct answer.
42.If the demand function of a good is : P = 100 - 3Q , estimate the change
in TR brought about by a 0.5 unit decrease in output from the current
output of 15 units !
a. Increase in TR of about 1.2 unit
b. Increase in TR of about 1.5 unit
c. Increase in TR of about 2.0 unit
d. Decrease in TR of about 1.2 unit
e. Decrease in TR of about 5.0 unit

43.Calculate arc elasticity of demand when price decrease from $136 to

$119, if the demand function is : P = 200 -Q2 !
a. E = 2.50
b. E = 1.75
c. E = 0.68
d. E = 4.80
e. E = 0.88

44.Demand function of a good is: P + 2Q = 50. Find point elasticity of

demand when price is 40 !
Is demand : elastic, unit elastic, or inelastic at this price ?
a. E = 4 ; this good is inelastic at this price.
b. E = 4 ; this good is elastic at this price.
c. E = 1.5 ; this good is elastic at this price.
d. E = 1.5 ; this good is inelastic at this price.
e. E = 0.9 ; this good is inelastic at this price.
45.The demand function of a product is: Q = 65 – 2P2 , where Q is quantity
of the product and P is price of the product. Find point elasticity at P =
5 !
a. E = 4.85
b. E = 6.67
c. E = 5.76
d. E = 3.15
e. E = 4.67

46.The demand function of a product is: Q = 65 – 2P2 , where Q is quantity

of the product and P is price of the product. At the current price of the
product P = 5 , find the percentage change in demand if that price rises
2% !
Percentage change in demand will be …………..
a. increasing 10.50%
b. decreasing 10.50%
c. increasing 13.34%
d. decreasing 13.34%
e. decreasing 5.75%

47.Demand function of a certain good is : P = 25 - 2Q , and total cost

function is: TC = 5Q +32. Calculate maximum Profit !
a. Pmax = 16
b. Pmax = 10
c. Pmax = 20
d. Pmax = 28
e. Pmax = 18
48.Total revenue function and total cost function of a product is given,
respectively by:
TR = - 2Q2 + 20Q and TC = Q3 – 8Q2 + 20Q + 2 .
Find Q which maximizes the profit !
a. Q = 5
b. Q = 8
c. Q = 6
d. Q = 15
e. Q = 4

49.Total revenue function and total cost function of a product is given,

respectively by:
TR = - 2Q2 + 20Q and TC = Q3 - 8Q2 + 20Q +2.
Find P ( price ) which maximizes the profit !
a. P = 10
b. P = 18
c. P = 12
d. P = 11
e. P = 15

50.Total revenue function and total cost function of a product is given,

respectively by:
TR = - 2Q2 + 20Q and TC = Q3 - 8Q2 + 20Q + 2.
Find maximum profit !
a. 15
b. 18
c. 12
d. 25
e. 30
51.Demand function of a pen is: P = 10 – 0.001Q , where P is price of this
pen ($) and Q is the quantity of pen sold. Find the price of pen to
maximize the revenue !
a. P = $ 8.00
b. P = $ 2.50
c. P = $ 6.00
d. P = $ 7.50
e. P = $ 5.00

52.Demand function of a pen is: P = 10 – 0.001Q , where P is price of this

pen ($) and Q is the quantity of pen sold. Find the maximum revenue
that the company can achieves !
a. $ 11,000
b. $ 15,000
c. $ 20,000
d. $ 25,000
e. $ 30,000

53. A principal of $200 is invested at r % compounded annually. The

investment will grow to $ 1,000 after 10 years. Find r !

a. 11.00%
b. 13.50%
c. 17.46%
d. 15.00%
e. 16.25%