Post Utme Lasu 2022 Commerce Question 24

Practice objective / multiple choice question 24 from the 2022 Post Utme Lasu Commerce examination.

Post Utme Lasu 2022 Commerce Objective / Multiple Choice
Question 24 POST_UTME_LASU • 2022 • COMMERCE • objective

A firm's cost function is given by C = 2L + 3K. If the firm's revenue function is given by R = 100L + 200K, then the firm's profit function is

Answer Options

Correct Answer A. P = 100L + 200K - 2L - 3K
B. P = 100L + 200K - 2L + 3K
C. P = 100L + 200K + 2L + 3K
D. P = 100L + 200K - 2L - 3K
Correct Answer
A
Correct Option:
P = 100L + 200K - 2L - 3K

About This Question

This is Post Utme Lasu 2022 Commerce Question 24. It is one of the objective questions from the 2022 Post Utme Lasu Commerce examination.

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