Question 1 Suppose you buy a piece of office equipment for $15,000.00. After 3 years you sell it for a scrap value of $4,000.00. The equipment is depreciated linearly over 3 years. The rate of depreciation for the piece of equipment is a) $11,000.00 per year b) $2,200.00 per year e) $5,000.00 per year d) $2,750.00 per year e) $3,666.67 per year f) None of the above. Question 2 Review Later A manufacturer has a monthly fixed cost of $60,000.00 and a production cost of $7 for each unit produced. The product sells for $19 per unit. The revenue function for this situation is a) R(x)=7x b) R(x)=12x c) R(x)=7x+60000 d) R(x)=12x+ 60000 e) R(x)=19x f) None of the above. Review Later