Post Utme Bowen University 2022 Economics Question 31

Practice objective / multiple choice question 31 from the 2022 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2022 Economics Objective / Multiple Choice

Question 31 POST_UTME_BOWEN_UNIVERSITY • 2022 • ECONOMICS • objective

A firm's \cost function is given by C(x) = 2x^2 + 5x + 10. If the firm's revenue function is R(x) = 20x - 0.5x^2, what is the profit function?

Answer Options

Correct Answer A. P(x) = 15x^2 + 5x + 10

B. P(x) = 15x^2 - 5x + 10

C. P(x) = 15x^2 + 5x - 10

D. P(x) = 15x^2 - 5x - 10

Correct Answer

Correct Option:

P(x) = 15x^2 + 5x + 10

About This Question

This is Post Utme Bowen University 2022 Economics Question 31. It is one of the objective questions from the 2022 Post Utme Bowen University Economics examination.

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