Post Utme Nile University 2020 Economics Question 23

Practice objective / multiple choice question 23 from the 2020 Post Utme Nile University Economics examination.

Post Utme Nile University 2020 Economics Objective / Multiple Choice

Question 23 POST_UTME_NILE_UNIVERSITY • 2020 • ECONOMICS • objective

A firm has a total revenue function given by TR = 100p^2 - 200p + 500. If the firm's total \cost function is given by TC = 50p^2 + 100p + 200, what is the firm's profit function?

Answer Options

Correct Answer A. π = 50p^2 - 100p + 300

B. π = 100p^2 - 200p + 500

C. π = 150p^2 - 300p + 700

D. π = 200p^2 - 400p + 900

Correct Answer

Correct Option:

π = 50p^2 - 100p + 300

About This Question

This is Post Utme Nile University 2020 Economics Question 23. It is one of the objective questions from the 2020 Post Utme Nile University Economics examination.

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