Post Utme Ksu 2018 Economics Question 36

Practice objective / multiple choice question 36 from the 2018 Post Utme Ksu Economics examination.

Post Utme Ksu 2018 Economics Objective / Multiple Choice
Question 36 POST_UTME_KSU • 2018 • ECONOMICS • objective

A firm's marginal \cost (MC) and average \cost (AC) curves are given by the equations MC = 2 + 0.2Q and AC = 10 + 2Q + 0.1Q^2. If the firm produces 100 units of output, what is the difference between the marginal \cost and average \cost?

Answer Options

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

About This Question

This is Post Utme Ksu 2018 Economics Question 36. It is one of the objective questions from the 2018 Post Utme Ksu Economics examination.

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