Post Utme Ims U 2024 Economics Question 2

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

Post Utme Ims U 2024 Economics Objective / Multiple Choice
Question 2 POST_UTME_IMS_U • 2024 • ECONOMICS • objective

A firm's \cost function is given by ( C(q) = 10q + 100 ). If the firm produces 20 units, what is the total \cost?

Answer Options

A. ( 300 )
Correct Answer B. ( 400 )
C. ( 500 )
D. ( 600 )
Correct Answer
B
Correct Option:
( 400 )

About This Question

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