Post Utme Al Hikmah University 2022 Economics Question 13

Practice objective / multiple choice question 13 from the 2022 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2022 Economics Objective / Multiple Choice
Question 13 POST_UTME_AL-HIKMAH_UNIVERSITY • 2022 • ECONOMICS • objective

A firm's \cost function is given by C(q) = 2q^2 + 5q. What is the firm's average \cost function?

Answer Options

Correct Answer A. AC(q) = 2q + 5
B. AC(q) = 4q + 5
C. AC(q) = 2q^2 + 5
D. AC(q) = 4q^2 + 5
Correct Answer
A
Correct Option:
AC(q) = 2q + 5

About This Question

This is Post Utme Al Hikmah University 2022 Economics Question 13. It is one of the objective questions from the 2022 Post Utme Al Hikmah University Economics examination.

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