Post Utme Crawford University 2022 Economics Question 19

Practice objective / multiple choice question 19 from the 2022 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2022 Economics Objective / Multiple Choice
Question 19 POST_UTME_CRAWFORD_UNIVERSITY • 2022 • ECONOMICS • objective

A firm's \cost function is given by C(Q) = 100 + 2Q. The firm's revenue function is given by R(Q) = 200Q. What is the firm's profit function?

Answer Options

Correct Answer A. ( pi(Q) = 200Q - 100 - 2Q )
B. ( pi(Q) = 200Q - 100 + 2Q )
C. ( pi(Q) = 200Q + 100 - 2Q )
D. ( pi(Q) = 200Q + 100 + 2Q )
Correct Answer
A
Correct Option:
( pi(Q) = 200Q - 100 - 2Q )

About This Question

This is Post Utme Crawford University 2022 Economics Question 19. It is one of the objective questions from the 2022 Post Utme Crawford University Economics examination.

View More Post Utme Crawford University 2022 Economics Questions More Post Utme Crawford University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support