Form 4: Cost of Production and Services Exercise

Form 4: Cost of Production and Services

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Form 4: Cost of Production and Services

Examine rates of change within production and service costs. Calculate unit costs and total expenses using linear models.

Questions

  1. MultiChoice

    A cost graph for printing T-shirts passes through (0, 0) and (5, 15). What is the cost per shirt?

  2. MultiChoice

    A taxi service charges $5 base fee plus a rate per mile. The total cost is $15 for 4 miles. What is the cost per mile (slope)?

  3. MultiChoice

    In a linear cost function graph y = mx + b, what does the slope m represent?

  4. MultiChoice

    In a linear cost function graph y = mx + b, what does the y-intercept b represent?

  5. MultiChoice

    A print shop line passes through (10, 5) and (30, 15) where x is copies and y is cost ($). What is the slope?

  6. MultiChoice

    Company A has a cost graph with slope 2. Company B has a cost graph with slope 3.5. Which is true?

  7. MultiChoice

    If the slope of a production cost graph is $15 per hour of labor, what is the cost of 5 labor hours?

  8. MultiChoice

    A manufacturer graph shows cost increasing from $20 to $60 as quantity increases from 5 to 15. What is the slope?

  9. MultiChoice

    A cell phone plan costs $30 for 0 minutes and $42 for 100 minutes. What is the rate per minute?

  10. MultiChoice

    What does a constant positive slope indicate on a total cost graph?

  11. MultiChoice

    A line on a graph connecting weight (lbs) to price ($) goes through (4, 3) and (12, 9). What is the price per pound?

  12. MultiChoice

    An electrician charges based on a linear graph. What rate does the slope of this graph measure?