Post Utme Elizade University 2025 Commerce Question 24

Practice objective / multiple choice question 24 from the 2025 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2025 Commerce Objective / Multiple Choice
Question 24 POST_UTME_ELIZADE_UNIVERSITY • 2025 • COMMERCE • objective

A firm's profit function is given by π(x) = R(x) - C(x). If the revenue function is R(x) = 100x - 2x^2 and the cost function is C(x) = 50 + 10x + 2x^2, what is the profit function?

Answer Options

Correct Answer A. π(x) = 50 - 4x
B. π(x) = 50 + 4x
C. π(x) = 50 - 2x
D. π(x) = 50 + 2x
Correct Answer
A
Correct Option:
π(x) = 50 - 4x

About This Question

This is Post Utme Elizade University 2025 Commerce Question 24. It is one of the objective questions from the 2025 Post Utme Elizade University Commerce examination.

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