Post Utme Lasu 2018 Economics Question 14

Practice objective / multiple choice question 14 from the 2018 Post Utme Lasu Economics examination.

Post Utme Lasu 2018 Economics Objective / Multiple Choice
Question 14 POST_UTME_LASU • 2018 • ECONOMICS • objective

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

Answer Options

Correct Answer A. x^2 + 3x - 2
B. x^2 + 2x - 1
C. x^2 + x + 1
D. x^2 - 2x + 1
Correct Answer
A
Correct Option:
x^2 + 3x - 2

About This Question

This is Post Utme Lasu 2018 Economics Question 14. It is one of the objective questions from the 2018 Post Utme Lasu Economics examination.

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