Post Utme Nile University 2022 Economics Question 19

Practice objective / multiple choice question 19 from the 2022 Post Utme Nile University Economics examination.

Post Utme Nile University 2022 Economics Objective / Multiple Choice
Question 19 POST_UTME_NILE_UNIVERSITY • 2022 • ECONOMICS • objective

A firm's \cost function is given by C = 100 + 2Q + 5P, where C is the \cost, Q is the quantity produced, and P is the price. If the quantity produced is 50 units and the price is ₦20, what is the \cost?

Answer Options

A. ₦1,200
B. ₦1,500
Correct Answer C. ₦1,800
D. ₦2,000
Correct Answer
C
Correct Option:
₦1,800

About This Question

This is Post Utme Nile University 2022 Economics Question 19. It is one of the objective questions from the 2022 Post Utme Nile University Economics examination.

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