Post Utme Futa 2018 Economics Question 15

Practice objective / multiple choice question 15 from the 2018 Post Utme Futa Economics examination.

Post Utme Futa 2018 Economics Objective / Multiple Choice

Question 15 POST_UTME_FUTA • 2018 • ECONOMICS • objective

A firm has a revenue function given by R = 2Q^2 - 10Q + 100. If the firm's \cost function is given by C = Q^2 + 5Q + 50, what is the firm's profit function?

Correct Answer A. π = 3Q^2 - 15Q + 50

B. π = 2Q^2 - 10Q + 50

C. π = Q^2 - 5Q + 50

D. π = Q^2 + 5Q + 50

Correct Answer

Correct Option:

π = 3Q^2 - 15Q + 50

This is Post Utme Futa 2018 Economics Question 15. It is one of the objective questions from the 2018 Post Utme Futa Economics examination.

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