Post Utme Igbinedion University 2022 Commerce Question 28

Practice objective / multiple choice question 28 from the 2022 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2022 Commerce Objective / Multiple Choice
Question 28 POST_UTME_IGBINEDION_UNIVERSITY • 2022 • COMMERCE • objective

A firm's cost function is given by C = 100 + 2Q + 0.5Q^2, where C is cost and Q is output. If the firm produces 100 units of output, what is the total cost?

Answer Options

A. 1200
B. 1300
Correct Answer C. 1400
D. 1500
Correct Answer
C
Correct Option:
1400

About This Question

This is Post Utme Igbinedion University 2022 Commerce Question 28. It is one of the objective questions from the 2022 Post Utme Igbinedion University Commerce examination.

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