Neco Model Questions Vol1 2019 Economics Question 49
Practice objective / multiple choice question 49 from the 2019 Neco Model Questions Vol1 Economics examination.
A firm's total cost function (in thousand naira) is \(C(Q) = 0.02Q^{3} - 0.3Q^{2} + 12Q + 200\), where \(Q\) is output in units. Determine the output level that minimizes average total cost.
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About This Question
This is Neco Model Questions Vol1 2019 Economics Question 49. It is one of the objective questions from the 2019 Neco Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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