Gce Model Questions Vol1 2022 Economics Question 27
Practice objective / multiple choice question 27 from the 2022 Gce Model Questions Vol1 Economics examination.
A firm's total cost function is given by \(TC = 0.5 Q^{2} + 20Q + 100\), where \(Q\) is output in units and costs are measured in naira. What is the average total cost when the firm produces \(Q = 40\) units? Express your answer in naira per unit, rounded to one decimal place.
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About This Question
This is Gce Model Questions Vol1 2022 Economics Question 27. It is one of the objective questions from the 2022 Gce Model Questions Vol1 Economics examination.
Difficulty level: Easy .
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