Post Utme Afe Babalola University 2020 Commerce Question 3

Practice objective / multiple choice question 3 from the 2020 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2020 Commerce Objective / Multiple Choice
Question 3 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2020 • COMMERCE • objective

A firm's cost function is given by C = 100 + 2Q + 0.01Q^2, where C is the total cost and Q is the quantity produced. If the firm produces 100 units of output, what is its total cost?

Answer Options

A. 1200
B. 1300
Correct Answer C. 1400
D. 1500
Correct Answer
C
Correct Option:
1400

About This Question

This is Post Utme Afe Babalola University 2020 Commerce Question 3. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Commerce examination.

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