Post Utme Afe Babalola University 2023 Economics Question 9

Practice objective / multiple choice question 9 from the 2023 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2023 Economics Objective / Multiple Choice
Question 9 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's \cost function is given by C = 100 + 2Q + 0.5Q^2, where Q is the quantity produced. If the firm produces 20 units, what is the total \cost?

Answer Options

A. ₦500
B. ₦600
Correct Answer C. ₦700
D. ₦800
Correct Answer
C
Correct Option:
₦700

About This Question

This is Post Utme Afe Babalola University 2023 Economics Question 9. It is one of the objective questions from the 2023 Post Utme Afe Babalola University Economics examination.

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