Post Utme Delsu 2023 Commerce Question 14

Practice objective / multiple choice question 14 from the 2023 Post Utme Delsu Commerce examination.

Post Utme Delsu 2023 Commerce Objective / Multiple Choice

Question 14 POST_UTME_DELSU • 2023 • COMMERCE • objective

A firm's cost function is given by C(x) = 2x^2 + 5x + 1. If the firm's marginal cost function is MC(x) = 4x + 5, then the firm's average cost function is

Correct Answer A. ( AC(x) = 2x + 5 )

B. ( AC(x) = 4x + 5 )

C. ( AC(x) = x^2 + 5x + 5 )

D. ( AC(x) = 2x^2 + 5x + 1 )

Correct Answer

Correct Option:

( AC(x) = 2x + 5 )

This is Post Utme Delsu 2023 Commerce Question 14. It is one of the objective questions from the 2023 Post Utme Delsu Commerce examination.

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