Post Utme Skyline University 2018 Economics Question 7

Practice objective / multiple choice question 7 from the 2018 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2018 Economics Objective / Multiple Choice

Question 7 POST_UTME_SKYLINE_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's \cost function is given by C(q) = 2q^2 + 10q + 5. Find the firm's average \cost (AC) and marginal \cost (MC) when q = 10.

Answer Options

Correct Answer A. AC = 25, MC = 30

B. AC = 30, MC = 25

C. AC = 20, MC = 20

D. AC = 15, MC = 15

Correct Answer

Correct Option:

AC = 25, MC = 30

About This Question

This is Post Utme Skyline University 2018 Economics Question 7. It is one of the objective questions from the 2018 Post Utme Skyline University Economics examination.

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