Post Utme Lasu 2020 Economics Question 39

Practice objective / multiple choice question 39 from the 2020 Post Utme Lasu Economics examination.

Post Utme Lasu 2020 Economics Objective / Multiple Choice

Question 39 POST_UTME_LASU • 2020 • ECONOMICS • objective

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

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

B. P(q) = 2q^2 + q + 5

C. P(q) = 3q^2 + q + 5

D. P(q) = 4q^2 + 2q + 5

Correct Answer

Correct Option:

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

This is Post Utme Lasu 2020 Economics Question 39. It is one of the objective questions from the 2020 Post Utme Lasu Economics examination.

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