Waec Model Questions Vol1 2019 Economics Question 33

Practice objective / multiple choice question 33 from the 2019 Waec Model Questions Vol1 Economics examination.

Waec Model Questions Vol1 2019 Economics Objective / Multiple Choice Medium Difficulty
Question 33 WAEC_MODEL_QUESTIONS_VOL1 • 2019 • ECONOMICS • objective

A firm's total cost function is TC = 0.02Q³ - 0.3Q² + 10Q + 50. At what output level does marginal cost equal average total cost? Give your answer to one decimal place.

Answer Options

A. 9.8
B. 15.2
Correct Answer C. 13.9
D. 12.5
Correct Answer
C
Correct Option:
13.9

About This Question

This is Waec Model Questions Vol1 2019 Economics Question 33. It is one of the objective questions from the 2019 Waec Model Questions Vol1 Economics examination.

Difficulty level: Medium .

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support