Post Utme Covenant University 2025 Economics Question 8

Practice objective / multiple choice question 8 from the 2025 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2025 Economics Objective / Multiple Choice

Question 8 POST_UTME_COVENANT_UNIVERSITY • 2025 • ECONOMICS • objective

A firm has a \cost function given by ( C(q) = 2q^2 + 5q + 10 ). If the firm sells its product at a price of ₦20 per unit, find the firm's revenue function.

Answer Options

Correct Answer A. R(q) = 20q - 2q^2 - 5q - 10

B. R(q) = 20q - 2q^2 + 5q + 10

C. R(q) = 20q + 2q^2 - 5q - 10

D. R(q) = 20q + 2q^2 + 5q + 10

Correct Answer

Correct Option:

R(q) = 20q - 2q^2 - 5q - 10

About This Question

This is Post Utme Covenant University 2025 Economics Question 8. It is one of the objective questions from the 2025 Post Utme Covenant University Economics examination.

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