Post Utme Covenant University 2025 Economics Question 4

Practice objective / multiple choice question 4 from the 2025 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2025 Economics Objective / Multiple Choice
Question 4 POST_UTME_COVENANT_UNIVERSITY • 2025 • ECONOMICS • objective

A firm is considering the production of a new product. The \cost function is given by C = 100 + 2Q, where C is the total \cost and Q is the quantity produced. If the firm produces 50 units of the product, what is the total \cost?

Answer Options

A. ₦1500
Correct Answer B. ₦2000
C. ₦2500
D. ₦3000
Correct Answer
B
Correct Option:
₦2000

About This Question

This is Post Utme Covenant University 2025 Economics Question 4. It is one of the objective questions from the 2025 Post Utme Covenant University Economics examination.

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