Post Utme Aaua 2018 Economics Question 2

Practice objective / multiple choice question 2 from the 2018 Post Utme Aaua Economics examination.

Post Utme Aaua 2018 Economics Objective / Multiple Choice
Question 2 POST_UTME_AAUA • 2018 • ECONOMICS • objective

A firm producing wheat in Nigeria faces the following \cost functions: TC = 100 + 2Q + 0.1Q^2, TVC = 2Q + 0.1Q^2. Determine the marginal \cost (MC) and average \cost (AC) at Q = 50 units.

Answer Options

Correct Answer A. MC = ₦5, AC = ₦6
B. MC = ₦6, AC = ₦7
C. MC = ₦7, AC = ₦8
D. MC = ₦8, AC = ₦9
Correct Answer
A
Correct Option:
MC = ₦5, AC = ₦6

About This Question

This is Post Utme Aaua 2018 Economics Question 2. It is one of the objective questions from the 2018 Post Utme Aaua Economics examination.

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