Post Utme Oau 2021 Economics Question 37

Practice objective / multiple choice question 37 from the 2021 Post Utme Oau Economics examination.

Post Utme Oau 2021 Economics Objective / Multiple Choice

Question 37 POST_UTME_OAU • 2021 • ECONOMICS • objective

A firm's \cost function is given by C(q) = 2q^2 + 10q + 5. What is the marginal \cost function, and how does it relate to the average \cost function?

A. The marginal \cost function is MC(q) = 4q + 10, and it is equal to the average \cost function.

Correct Answer B. The marginal \cost function is MC(q) = 4q + 10, and it is greater than the average \cost function.

C. The marginal \cost function is MC(q) = 4q + 10, and it is less than the average \cost function.

D. The marginal \cost function is MC(q) = 4q + 10, and it is equal to the average variable \cost function.

Correct Answer

Correct Option:

The marginal \cost function is MC(q) = 4q + 10, and it is greater than the average \cost function.

This is Post Utme Oau 2021 Economics Question 37. It is one of the objective questions from the 2021 Post Utme Oau Economics examination.

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