Post Utme Elizade University 2017 Economics Question 14

Practice objective / multiple choice question 14 from the 2017 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2017 Economics Objective / Multiple Choice
Question 14 POST_UTME_ELIZADE_UNIVERSITY • 2017 • ECONOMICS • objective

A firm's \cost function is given by the equation TC = 100 + 2Q + 0.5Q^2, where TC is the total \cost and Q is the quantity produced. If the firm produces 20 units, what is the total \cost?

Answer Options

A. ₦250
B. ₦300
Correct Answer C. ₦350
D. ₦400
Correct Answer
C
Correct Option:
₦350

About This Question

This is Post Utme Elizade University 2017 Economics Question 14. It is one of the objective questions from the 2017 Post Utme Elizade University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support