Post Utme Greenfield University 2023 Commerce Question 7

Practice objective / multiple choice question 7 from the 2023 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2023 Commerce Objective / Multiple Choice
Question 7 POST_UTME_GREENFIELD_UNIVERSITY • 2023 • COMMERCE • objective

A firm's cost function is given by C(x) = 2x^2 + 100x + 5000, where x is the number of units produced. If the firm produces 20 units, what is the total cost of production?

Answer Options

A. ₦10,500
Correct Answer B. ₦12,000
C. ₦13,500
D. ₦15,000
Correct Answer
B
Correct Option:
₦12,000

About This Question

This is Post Utme Greenfield University 2023 Commerce Question 7. It is one of the objective questions from the 2023 Post Utme Greenfield University Commerce examination.

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