Post Utme Redeemers University 2024 Economics Question 8

Practice objective / multiple choice question 8 from the 2024 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2024 Economics Objective / Multiple Choice
Question 8 POST_UTME_REDEEMERS_UNIVERSITY • 2024 • ECONOMICS • objective

A firm's \cost function is given by the equation C = 100 + 2Q + 0.5Q^2, where C is the total \cost and Q is the quantity produced. If the firm produces 100 units, calculate the total \cost.

Answer Options

A. ₦2500
B. ₦3000
Correct Answer C. ₦3500
D. ₦4000
Correct Answer
C
Correct Option:
₦3500

About This Question

This is Post Utme Redeemers University 2024 Economics Question 8. It is one of the objective questions from the 2024 Post Utme Redeemers University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support