Post Utme Caleb University 2019 Economics Question 29

Practice objective / multiple choice question 29 from the 2019 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2019 Economics Objective / Multiple Choice
Question 29 POST_UTME_CALEB_UNIVERSITY • 2019 • ECONOMICS • objective

A firm's \cost function is given by the equation C(q) = 100 + 2q^2, where q is the quantity produced. If the firm's revenue is ₦1,500 at q = 10, what is the firm's profit?

Answer Options

A. ₦200
Correct Answer B. ₦300
C. ₦400
D. ₦500
Correct Answer
B
Correct Option:
₦300

About This Question

This is Post Utme Caleb University 2019 Economics Question 29. It is one of the objective questions from the 2019 Post Utme Caleb University Economics examination.

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