Post Utme Greenfield University 2020 Economics Question 33

Practice objective / multiple choice question 33 from the 2020 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2020 Economics Objective / Multiple Choice

Question 33 POST_UTME_GREENFIELD_UNIVERSITY • 2020 • ECONOMICS • objective

A firm's \cost function is given by C(q) = 2q^2 + 5q + 10. If the firm's revenue function is given by R(q) = 3q^2 + 2q - 5, what is the firm's profit function?

Answer Options

Correct Answer A. P(q) = q^2 - 5q + 15

B. P(q) = 2q^2 + q - 15

C. P(q) = q^2 + 5q - 15

D. P(q) = 3q^2 - 5q + 15

Correct Answer

Correct Option:

P(q) = q^2 - 5q + 15

About This Question

This is Post Utme Greenfield University 2020 Economics Question 33. It is one of the objective questions from the 2020 Post Utme Greenfield University Economics examination.

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