QMB 3003 CONCEPTUAL EXAM 2 UCF QUESTIONS AND ANSWERS.docx

QMB 3003 CONCEPTUAL EXAM 2 UCF
QUESTIONS AND ANSWERS
The limit of a function is the value that f(x) gets closer to as x
approaches some number. T or F -
correct answer ✅False


Suppose f(x) is a continuous function. To find the limit as x
approaches some value c, we simply find f(c). T or F -
correct answer ✅True


The break-even quantity is best defined as -
correct answer ✅any quantity such that the fixed cost is equal to
zero.


A firm produces an additional unit of output and finds that its profit
falls. In this case the instantaneous rate of change of profit with
respect to the quantity produced will have a negative value. T or F -
correct answer ✅False


The derivative of a quadratic function is also a quadratic function. -
correct answer ✅False


If f(x) = 20 then f'(x) = 20. -
correct answer ✅False