Post Utme Lead City University 2023 Commerce Question 38

Practice objective / multiple choice question 38 from the 2023 Post Utme Lead City University Commerce examination.

Post Utme Lead City University 2023 Commerce Objective / Multiple Choice
Question 38 POST_UTME_LEAD_CITY_UNIVERSITY • 2023 • COMMERCE • objective

A firm's cost function is given by C = 100 + 2Q + 0.01Q^2, where C is the total cost and Q is the quantity produced. If the firm produces 100 units, what is its total cost?

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 Lead City University 2023 Commerce Question 38. It is one of the objective questions from the 2023 Post Utme Lead City University Commerce examination.

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