Post Utme Igbinedion University 2021 Commerce Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2021 Commerce Objective / Multiple Choice
Question 15 POST_UTME_IGBINEDION_UNIVERSITY • 2021 • COMMERCE • objective

A firm's cost function is given by C = 50 + 2x + 0.01x^2. If the firm wants to minimize its cost, what is the optimal level of output?

Answer Options

A. 10 units
Correct Answer B. 20 units
C. 30 units
D. 40 units
Correct Answer
B
Correct Option:
20 units

About This Question

This is Post Utme Igbinedion University 2021 Commerce Question 15. It is one of the objective questions from the 2021 Post Utme Igbinedion University Commerce examination.

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