Post Utme Lead City University 2018 Economics Question 31

Practice objective / multiple choice question 31 from the 2018 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2018 Economics Objective / Multiple Choice
Question 31 POST_UTME_LEAD_CITY_UNIVERSITY • 2018 • ECONOMICS • objective

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

Answer Options

Correct Answer A. ( C(20) = 2(20)^2 + 10(20) + 5 = 800 + 200 + 5 = 1005 )
B. ( C(20) = 2(20)^2 + 10(20) + 5 = 800 + 200 + 5 = 1005 )
C. ( C(20) = 2(20)^2 + 10(20) + 5 = 800 + 200 + 5 = 1005 )
D. ( C(20) = 2(20)^2 + 10(20) + 5 = 800 + 200 + 5 = 1005 )
Correct Answer
A
Correct Option:
( C(20) = 2(20)^2 + 10(20) + 5 = 800 + 200 + 5 = 1005 )

About This Question

This is Post Utme Lead City University 2018 Economics Question 31. It is one of the objective questions from the 2018 Post Utme Lead City University Economics examination.

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