Post Utme Futa 2018 Economics Question 34

Practice objective / multiple choice question 34 from the 2018 Post Utme Futa Economics examination.

Post Utme Futa 2018 Economics Objective / Multiple Choice
Question 34 POST_UTME_FUTA • 2018 • ECONOMICS • objective

A firm's production function is given by Q = 2L + 3K. If the firm's \cost function is given by C = 10L + 20K, what is the firm's profit function?

Answer Options

Correct Answer A. P = 2L + 3K - 10L - 20K
B. P = 2L + 3K + 10L + 20K
C. P = 2L + 3K - 10L + 20K
D. P = 2L + 3K + 10L - 20K
Correct Answer
A
Correct Option:
P = 2L + 3K - 10L - 20K

About This Question

This is Post Utme Futa 2018 Economics Question 34. It is one of the objective questions from the 2018 Post Utme Futa Economics examination.

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