Post Utme Skyline University 2021 Economics Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2021 Economics Objective / Multiple Choice
Question 13 POST_UTME_SKYLINE_UNIVERSITY • 2021 • ECONOMICS • objective

A firm's total \cost function is given by TC(x) = 100 + 2x^2. If the firm's output level is 10 units, calculate the firm's average \cost (AC) and marginal \cost (MC).

Answer Options

Correct Answer A. \( AC = 120 \)
B. \( AC = 140 \)
C. \( MC = 4x \)
D. \( MC = 2x \)
Correct Answer
A
Correct Option:
\( AC = 120 \)

About This Question

This is Post Utme Skyline University 2021 Economics Question 13. It is one of the objective questions from the 2021 Post Utme Skyline University Economics examination.

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