Post Utme Nile University 2024 Economics Question 9

Practice objective / multiple choice question 9 from the 2024 Post Utme Nile University Economics examination.

Post Utme Nile University 2024 Economics Objective / Multiple Choice
Question 9 POST_UTME_NILE_UNIVERSITY • 2024 • ECONOMICS • objective

A firm's \cost function is given by C = 2L + 3K, where L is labor and K is capital. If the firm's revenue function is given by R = 4L + 2K, what is the firm's profit function?

Answer Options

A. P = 2L + 3K
Correct Answer B. P = 4L + 2K
C. P = 6L + 5K
D. P = 8L + 7K
Correct Answer
B
Correct Option:
P = 4L + 2K

About This Question

This is Post Utme Nile University 2024 Economics Question 9. It is one of the objective questions from the 2024 Post Utme Nile University Economics examination.

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