Post Utme Redeemers University 2023 Economics Question 28

Practice objective / multiple choice question 28 from the 2023 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2023 Economics Objective / Multiple Choice
Question 28 POST_UTME_REDEEMERS_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's \cost function is given by the equation C(q) = 50 + 2q + 0.5q^2, where q is the quantity produced. If the firm produces 20 units, what is the value of the firm's total \cost?

Answer Options

A. ₦150
B. ₦200
Correct Answer C. ₦250
D. ₦300
Correct Answer
C
Correct Option:
₦250

About This Question

This is Post Utme Redeemers University 2023 Economics Question 28. It is one of the objective questions from the 2023 Post Utme Redeemers University Economics examination.

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