Post Utme Joseph Ayo Babalola University 2023 Economics Question 6

Practice objective / multiple choice question 6 from the 2023 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2023 Economics Objective / Multiple Choice
Question 6 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2023 • 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 + 10, what is the profit function?

Answer Options

Correct Answer A. -x^2 + 3x - 9
B. x^2 - 3x + 9
C. x^2 + 3x - 9
D. -x^2 - 3x + 9
Correct Answer
A
Correct Option:
-x^2 + 3x - 9

About This Question

This is Post Utme Joseph Ayo Babalola University 2023 Economics Question 6. It is one of the objective questions from the 2023 Post Utme Joseph Ayo Babalola University Economics examination.

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