Post Utme Joseph Ayo Babalola University 2018 Economics Question 24

Practice objective / multiple choice question 24 from the 2018 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2018 Economics Objective / Multiple Choice

Question 24 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's \cost function is given by C(q) = 100 + 20q. If the market price is $20, find the firm's average \cost.

Answer Options

A. AC = $10

Correct Answer B. AC = $20

C. AC = $30

D. AC = $40

Correct Answer

Correct Option:

AC = $20

About This Question

This is Post Utme Joseph Ayo Babalola University 2018 Economics Question 24. It is one of the objective questions from the 2018 Post Utme Joseph Ayo Babalola University Economics examination.

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