Post Utme Eksu 2024 Commerce Question 35

Practice objective / multiple choice question 35 from the 2024 Post Utme Eksu Commerce examination.

Post Utme Eksu 2024 Commerce Objective / Multiple Choice
Question 35 POST_UTME_EKSU • 2024 • COMMERCE • objective

A firm has the following cost function: C(q) = 100 + 10q + 0.5q^2. Determine the average cost function.

Answer Options

Correct Answer A. AC(q) = 100 + 10q + 0.5q^2
B. AC(q) = 100 + 10q
C. AC(q) = 100 + 0.5q^2
D. AC(q) = 100
Correct Answer
A
Correct Option:
AC(q) = 100 + 10q + 0.5q^2

About This Question

This is Post Utme Eksu 2024 Commerce Question 35. It is one of the objective questions from the 2024 Post Utme Eksu Commerce examination.

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