Post Utme Madonna University 2018 Economics Question 15

Practice objective / multiple choice question 15 from the 2018 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2018 Economics Objective / Multiple Choice
Question 15 POST_UTME_MADONNA_UNIVERSITY • 2018 • ECONOMICS • objective

The following table shows the production \costs of a firm for a particular product:\n\n| Quantity | Total Cost | Average Cost |\n| --- | --- | --- |\n| 100 | ₦50,000 | ₦500 |\n| 200 | ₦100,000 | ₦500 |\n| 300 | ₦150,000 | ₦500 |\n\nWhat is the marginal \cost of producing the 301st unit?

Answer Options

A. ₦0
Correct Answer B. ₦500
C. ₦1000
D. ₦1500
Correct Answer
B
Correct Option:
₦500

About This Question

This is Post Utme Madonna University 2018 Economics Question 15. It is one of the objective questions from the 2018 Post Utme Madonna University Economics examination.

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