Post Utme Uniport 2023 Economics Question 8

Practice objective / multiple choice question 8 from the 2023 Post Utme Uniport Economics examination.

Post Utme Uniport 2023 Economics Objective / Multiple Choice
Question 8 POST_UTME_UNIPORT • 2023 • ECONOMICS • objective

A firm's supply function is given by MS = 10 + 2Q, where MS is marginal \cost and Q is output. If the firm's current output is 5, what is the marginal \cost?

Answer Options

A. 10
B. 12
Correct Answer C. 14
D. 16
Correct Answer
C
Correct Option:
14

About This Question

This is Post Utme Uniport 2023 Economics Question 8. It is one of the objective questions from the 2023 Post Utme Uniport Economics examination.

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