Post Utme Abu 2024 Economics Question 27

Practice objective / multiple choice question 27 from the 2024 Post Utme Abu Economics examination.

Post Utme Abu 2024 Economics Objective / Multiple Choice

Question 27 POST_UTME_ABU • 2024 • ECONOMICS • objective

A firm's revenue function is given by R(x) = 2x^2 + 10x + 5, where x is the number of units produced. If the firm's \cost function is C(x) = x^2 + 5x + 2, what is the profit function?

Correct Answer A. P(x) = x^2 + 5x + 3

B. P(x) = 2x^2 + 5x + 3

C. P(x) = x^2 + 5x + 2

D. P(x) = 2x^2 + 10x + 5

Correct Answer

Correct Option:

P(x) = x^2 + 5x + 3

This is Post Utme Abu 2024 Economics Question 27. It is one of the objective questions from the 2024 Post Utme Abu Economics examination.

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