Post Utme Crawford University 2021 Commerce Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Crawford University Commerce examination.

Post Utme Crawford University 2021 Commerce Objective / Multiple Choice
Question 15 POST_UTME_CRAWFORD_UNIVERSITY • 2021 • COMMERCE • objective

A firm's cost function is given by C(x) = 2x^2 + 5x - 3, where x is the number of units produced. If the firm wants to minimize its cost, what is the critical point of the function?

Answer Options

Correct Answer A. (-5/4, 0)
B. (1/2, 0)
C. (5/4, 0)
D. (1, 0)
Correct Answer
A
Correct Option:
(-5/4, 0)

About This Question

This is Post Utme Crawford University 2021 Commerce Question 15. It is one of the objective questions from the 2021 Post Utme Crawford University Commerce examination.

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