Post Utme Lead City University 2018 Economics Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2018 Economics Objective / Multiple Choice

Question 22 POST_UTME_LEAD_CITY_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's revenue function is given by R(x) = 2x^2 + 5x + 1. If the firm's \cost function is C(x) = x^2 + 2x + 1, what is the profit function?

Answer Options

Correct Answer A. 3x^2 + 3x

B. x^2 + 3x

C. 2x^2 + 3x

D. x^2 + x

Correct Answer

Correct Option:

3x^2 + 3x

About This Question

This is Post Utme Lead City University 2018 Economics Question 22. It is one of the objective questions from the 2018 Post Utme Lead City University Economics examination.

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