Post Utme Rhema University 2019 Economics Question 20

Practice objective / multiple choice question 20 from the 2019 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2019 Economics Objective / Multiple Choice
Question 20 POST_UTME_RHEMA_UNIVERSITY • 2019 • ECONOMICS • objective

A firm's marginal \cost is given by the equation MC = 2x + 5, where x is the number of units produced. What is the firm's average \cost?

Answer Options

Correct Answer A. \frac{1}{2}x + 5
B. 2x + 5
C. x + 5
D. x - 5
Correct Answer
A
Correct Option:
\frac{1}{2}x + 5

About This Question

This is Post Utme Rhema University 2019 Economics Question 20. It is one of the objective questions from the 2019 Post Utme Rhema University Economics examination.

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