Post Utme Delsu 2019 Economics Question 35

Practice objective / multiple choice question 35 from the 2019 Post Utme Delsu Economics examination.

Post Utme Delsu 2019 Economics Objective / Multiple Choice
Question 35 POST_UTME_DELSU • 2019 • ECONOMICS • objective

A firm's revenue function is given by R = 100P - 0.5P^2, where P is the price. If the firm's \cost function is given by C = 50 + 20P, what is the firm's profit function?

Answer Options

A. P = 50 - 0.5Q
B. P = 100 - 0.5Q
Correct Answer C. P = 150 - 0.5Q
D. P = 200 - 0.5Q
Correct Answer
C
Correct Option:
P = 150 - 0.5Q

About This Question

This is Post Utme Delsu 2019 Economics Question 35. It is one of the objective questions from the 2019 Post Utme Delsu Economics examination.

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