Post Utme Bells University 2021 Economics Question 37

Practice objective / multiple choice question 37 from the 2021 Post Utme Bells University Economics examination.

Post Utme Bells University 2021 Economics Objective / Multiple Choice

Question 37 POST_UTME_BELLS_UNIVERSITY • 2021 • ECONOMICS • objective

A firm's \cost function is given by the equation C(x) = 100 + 2x^2, where x is the number of units produced. If the firm's revenue function is R(x) = 200x - x^2, what is the firm's profit function?

Answer Options

Correct Answer A. P(x) = -x^2 + 200x

B. P(x) = x^2 + 200x

C. P(x) = -x^2 - 200x

D. P(x) = x^2 - 200x

Correct Answer

Correct Option:

P(x) = -x^2 + 200x

About This Question

This is Post Utme Bells University 2021 Economics Question 37. It is one of the objective questions from the 2021 Post Utme Bells University Economics examination.

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