Post Utme Unilag 2021 Economics Question 24

Practice objective / multiple choice question 24 from the 2021 Post Utme Unilag Economics examination.

Post Utme Unilag 2021 Economics Objective / Multiple Choice
Question 24 POST_UTME_UNILAG • 2021 • ECONOMICS • objective

A firm has a \cost function given by C = 100 + 2Q + 0.5Q^2. If the firm produces 20 units of output, what is the total \cost of production?

Answer Options

A. 150
B. 200
Correct Answer C. 250
D. 300
Correct Answer
C
Correct Option:
250

About This Question

This is Post Utme Unilag 2021 Economics Question 24. It is one of the objective questions from the 2021 Post Utme Unilag 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