Post Utme Lautech 2024 Economics Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Lautech Economics examination.

Post Utme Lautech 2024 Economics Objective / Multiple Choice
Question 3 POST_UTME_LAUTECH • 2024 • ECONOMICS • objective

A firm's \cost function is given by C(q) = 2q^2 + 10q + 5. If the firm produces 20 units of output, what is the total \cost?

Answer Options

A. $155
B. $160
Correct Answer C. $165
D. $170
Correct Answer
C
Correct Option:
$165

About This Question

This is Post Utme Lautech 2024 Economics Question 3. It is one of the objective questions from the 2024 Post Utme Lautech Economics examination.

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