Post Utme Ims U 2017 Economics Question 11

Practice objective / multiple choice question 11 from the 2017 Post Utme Ims U Economics examination.

Post Utme Ims U 2017 Economics Objective / Multiple Choice
Question 11 POST_UTME_IMS_U • 2017 • ECONOMICS • objective

A firm's revenue function is given by R(x) = 2x^2 + 5x + 1, where x is the number of units produced. If the firm's \cost function is C(x) = 3x^2 + 2x + 5, what is the profit function?

Answer Options

Correct Answer A. -x^2 + 3x - 4
B. x^2 - 3x + 4
C. x^2 + 3x - 4
D. -x^2 - 3x + 4
Correct Answer
A
Correct Option:
-x^2 + 3x - 4

About This Question

This is Post Utme Ims U 2017 Economics Question 11. It is one of the objective questions from the 2017 Post Utme Ims U Economics examination.

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