Post Utme Bsu 2019 Economics Question 13

Practice objective / multiple choice question 13 from the 2019 Post Utme Bsu Economics examination.

Post Utme Bsu 2019 Economics Objective / Multiple Choice

Question 13 POST_UTME_BSU • 2019 • ECONOMICS • objective

A firm's \cost function is given by C(q) = 2q^2 + 5q + 10. If the firm's revenue function is given by R(q) = 3q^2 + 2q - 5, what is the firm's profit function?

Correct Answer A. π(q) = q^2 - 5q + 15

B. π(q) = 2q^2 + 5q + 10

C. π(q) = 3q^2 + 2q - 5

D. π(q) = q^2 + 5q + 15

Correct Answer

Correct Option:

π(q) = q^2 - 5q + 15

This is Post Utme Bsu 2019 Economics Question 13. It is one of the objective questions from the 2019 Post Utme Bsu Economics examination.

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