Neco 2025 Economics Question 38
Practice objective / multiple choice question 38 from the 2025 Neco Economics examination.
A firm's total cost function in the short run is \( TC = 5Q^{3} - 60Q^{2} + 200Q + 500 \) (costs in ₦).\n\n(i) Find the output level at which average total cost (ATC) is minimised.\n(ii) Compute the marginal cost (MC) at that output.\n(iii) State whether MC is less than, equal to, or greater than ATC at the minimum‑ATC output.
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About This Question
This is Neco 2025 Economics Question 38. It is one of the objective questions from the 2025 Neco Economics examination.
Difficulty level: Medium .
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