Post Utme Unilorin 2019 Economics Question 14

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

Post Utme Unilorin 2019 Economics Objective / Multiple Choice
Question 14 POST_UTME_UNILORIN • 2019 • ECONOMICS • objective

A firm's \cost function is given by C(q) = 100 + 2q + 0.5q^2. Which of the following is a correct statement about the firm's \cost function?

Answer Options

A. The firm's \cost function is a linear function
Correct Answer B. The firm's \cost function is a quadratic function
C. The firm's \cost function is a cubic function
D. The firm's \cost function is a \logarithmic function
Correct Answer
B
Correct Option:
The firm's \cost function is a quadratic function

About This Question

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

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