1. In prot loss analysis, point where revenue equals cost is equilibrium point. a. True b. False 2. If P(x) is the prot function, then P(10) P(9) m P'(10). a. True. b. False 3. If R(x) is the revenue function, then the marginal revenue R '(x )is always nonnegative. a. True. b. False 4. If P(x) is the prot function, then the approximated prot of producing and selling unit number 11 is P'(l l) . a. True b. False 5. If C(x) = I C'(x)dx, then the constant of integration equals the xed cost. a. True. b. False 6. ff(x)dx+ff(x)dx =0. a. True. b. False 7. A market shortage courses when quantity demanded is greater than quantity supplied a. True b. False 31.The demand for a product is given by , where q = the number of units, and p is the price in dollars; determine the elasticity of demand when the price is equal to $5? a. 1 b. 5 c. 5 d. i ll 11 ? 20.Suppose you invest $500in each of 2 bank accounts. The rst compounds quarterly at rate of 5% and the second compounds monthly at a rate of 4%. At the end of the year, which has more money on it? a. The rst; I). The second; c. Both have the same d. Can't tell. 21.1f f'(3) = o and f \"(3) > 0, then which of the following must hold? a. f has a relative maximum at x = 3;. h. f has a relative minimum at x = 3; c. f has an inection point at x = 3; (22 25) The demand and the supply for a product are given, respectively, by D(x): p = 100531? S(x) : p = 0.53: where x is the number of units and p in dollars. 22. The point elasticity of demand when x = 4 is a. 0.76 b. 4 c. 0.25 d. 6 23.The equilibrium point is a. (5, 10) b. (5, 5) c. (10, 5) d. None of the above 24.The consumer surplus at the equilibrium point is a. $25 b. $37.5 c. $6.25 d. None of the above 25.The revenue is maximum when p = a. $2.5 b. $5 c. $10 d. $50