Post Utme Rsu 2019 Economics Question 14

Practice objective / multiple choice question 14 from the 2019 Post Utme Rsu Economics examination.

Post Utme Rsu 2019 Economics Objective / Multiple Choice
Question 14 POST_UTME_RSU • 2019 • ECONOMICS • objective

A firm's production function is given by Q(x) = 2x^2 + 5x + 1, where x is the number of units of labor employed. If the firm's \cost function is C(x) = 2x^2 + 5x + 1, find the value of x that minimizes \cost.

Answer Options

A. 1
Correct Answer B. 2
C. 3
D. 4
Correct Answer
B
Correct Option:
2

About This Question

This is Post Utme Rsu 2019 Economics Question 14. It is one of the objective questions from the 2019 Post Utme Rsu Economics examination.

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