Post Utme Lautech 2024 Economics Question 22

Practice objective / multiple choice question 22 from the 2024 Post Utme Lautech Economics examination.

Post Utme Lautech 2024 Economics Objective / Multiple Choice
Question 22 POST_UTME_LAUTECH • 2024 • ECONOMICS • objective

A firm's \cost function is given by the equation C = 100 + 2Q + 0.01Q^2, where C is the \cost and Q is the quantity produced. If the firm produces 100 units, find the value of C.

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 Lautech 2024 Economics Question 22. It is one of the objective questions from the 2024 Post Utme Lautech Economics examination.

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