Post Utme Futa 2024 Economics Question 14

Practice objective / multiple choice question 14 from the 2024 Post Utme Futa Economics examination.

Post Utme Futa 2024 Economics Objective / Multiple Choice

Question 14 POST_UTME_FUTA • 2024 • ECONOMICS • objective

A firm's revenue function is given by R(Q) = 100Q - 2Q^2. The firm's \cost function is given by C(Q) = 20Q + 10. What is the firm's profit function?

Correct Answer A. 80Q - 2Q^2

B. 100Q - 2Q^2

C. 20Q + 10

D. 80Q + 10

Correct Answer

Correct Option:

80Q - 2Q^2

This is Post Utme Futa 2024 Economics Question 14. It is one of the objective questions from the 2024 Post Utme Futa Economics examination.

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