Post Utme Crawford University 2018 Commerce Question 10

Practice objective / multiple choice question 10 from the 2018 Post Utme Crawford University Commerce examination.

Post Utme Crawford University 2018 Commerce Objective / Multiple Choice
Question 10 POST_UTME_CRAWFORD_UNIVERSITY • 2018 • COMMERCE • objective

A firm's profit function is given by P = R - C. If the firm's current revenue and cost functions are R = 100Q - 2Q^2 and C = 50 + 20L + 10K, respectively, what is the firm's current profit?

Answer Options

A. 50
Correct Answer B. 100
C. 150
D. 200
Correct Answer
B
Correct Option:
100

About This Question

This is Post Utme Crawford University 2018 Commerce Question 10. It is one of the objective questions from the 2018 Post Utme Crawford University Commerce examination.

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