Post Utme Futa 2024 Economics Question 2

Practice objective / multiple choice question 2 from the 2024 Post Utme Futa Economics examination.

Post Utme Futa 2024 Economics Objective / Multiple Choice
Question 2 POST_UTME_FUTA • 2024 • ECONOMICS • objective

A firm's \cost function is given by ( C(x) = 2x^2 + 10x + 5 ). If the firm produces 20 units of output, find the total \cost and the marginal \cost.

Answer Options

Correct Answer A. Total \cost = ₦150, Marginal \cost = ₦15
B. Total \cost = ₦200, Marginal \cost = ₦20
C. Total \cost = ₦250, Marginal \cost = ₦25
D. Total \cost = ₦300, Marginal \cost = ₦30
Correct Answer
A
Correct Option:
Total \cost = ₦150, Marginal \cost = ₦15

About This Question

This is Post Utme Futa 2024 Economics Question 2. It is one of the objective questions from the 2024 Post Utme Futa Economics examination.

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