Post Utme Lautech 2021 Economics Question 19

Practice objective / multiple choice question 19 from the 2021 Post Utme Lautech Economics examination.

Post Utme Lautech 2021 Economics Objective / Multiple Choice
Question 19 POST_UTME_LAUTECH • 2021 • ECONOMICS • objective

A firm's \cost function is given by C = 100 + 2Q. If the revenue function is given by R = 50Q, determine the profit function.

Answer Options

Correct Answer A. P = 50Q - 100
B. P = 50Q + 100
C. P = 100 - 50Q
D. P = 100 + 50Q
Correct Answer
A
Correct Option:
P = 50Q - 100

About This Question

This is Post Utme Lautech 2021 Economics Question 19. It is one of the objective questions from the 2021 Post Utme Lautech Economics examination.

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