Post Utme Esut 2018 Economics Question 39

Practice objective / multiple choice question 39 from the 2018 Post Utme Esut Economics examination.

Post Utme Esut 2018 Economics Objective / Multiple Choice
Question 39 POST_UTME_ESUT • 2018 • ECONOMICS • objective

A firm has a \cost function given by C = 2Q^2 + 10Q + 5, where Q is the quantity produced. If the firm's revenue function is given by R = 3Q^2 + 5Q, what is the firm's profit function?

Answer Options

Correct Answer A. P = 2Q^2 + 5Q
B. P = 3Q^2 + 2Q
C. P = 5Q^2 + 10Q
D. P = 10Q^2 + 5Q
Correct Answer
A
Correct Option:
P = 2Q^2 + 5Q

About This Question

This is Post Utme Esut 2018 Economics Question 39. It is one of the objective questions from the 2018 Post Utme Esut Economics examination.

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