Gce Model Questions Vol1 2019 Economics Question 35

Practice objective / multiple choice question 35 from the 2019 Gce Model Questions Vol1 Economics examination.

Gce Model Questions Vol1 2019 Economics Objective / Multiple Choice Medium Difficulty
Question 35 GCE_MODEL_QUESTIONS_VOL1 • 2019 • ECONOMICS • objective

A firm's total cost function is \(TC = 100 + 5Q + 0.5Q^{2}\), where \(Q\) is output in units. Find the level of output \(Q\) at which average total cost is minimized.

Answer Options

Correct Answer A. 14.14
B. 20.00
C. 12.00
D. 16.00
Correct Answer
A
Correct Option:
14.14

About This Question

This is Gce Model Questions Vol1 2019 Economics Question 35. It is one of the objective questions from the 2019 Gce Model Questions Vol1 Economics examination.

Difficulty level: Medium .

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