Post Utme Lautech 2025 Economics Question 25

Practice objective / multiple choice question 25 from the 2025 Post Utme Lautech Economics examination.

Post Utme Lautech 2025 Economics Objective / Multiple Choice

Question 25 POST_UTME_LAUTECH • 2025 • ECONOMICS • objective

A firm's \cost function is given by the equation C(x) = 100 + 2x^2, where C(x) is the total \cost and x is the number of units produced. If the firm's revenue function is given by the equation R(x) = 100x - 2x^2, what is the firm's profit function?

Answer Options

Correct Answer A. R(x) - C(x)

B. C(x) - R(x)

C. R(x) + C(x)

D. C(x) - 2R(x)

Correct Answer

Correct Option:

R(x) - C(x)

About This Question

This is Post Utme Lautech 2025 Economics Question 25. It is one of the objective questions from the 2025 Post Utme Lautech Economics examination.

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