Post Utme Ksu 2017 Economics Question 19

Practice objective / multiple choice question 19 from the 2017 Post Utme Ksu Economics examination.

Post Utme Ksu 2017 Economics Objective / Multiple Choice
Question 19 POST_UTME_KSU • 2017 • ECONOMICS • objective

A firm's \cost function is given by the equation ( C(x) = 100 + 2x + 3x^2 ). If the firm's revenue function is ( R(x) = 100x - 2x^2 ), find the firm's profit function.

Answer Options

Correct Answer A. ( P(x) = 100x - 5x^2 )
B. ( P(x) = 100x - 2x^2 )
C. ( P(x) = 100x + 2x^2 )
D. ( P(x) = 100x + 5x^2 )
Correct Answer
A
Correct Option:
( P(x) = 100x - 5x^2 )

About This Question

This is Post Utme Ksu 2017 Economics Question 19. It is one of the objective questions from the 2017 Post Utme Ksu Economics examination.

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