Post Utme Osustech 2018 Economics Question 19

Practice objective / multiple choice question 19 from the 2018 Post Utme Osustech Economics examination.

Post Utme Osustech 2018 Economics Objective / Multiple Choice

Question 19 POST_UTME_OSUSTECH • 2018 • ECONOMICS • objective

A firm has a total revenue function given by TR = 100Q - 2Q^2. The firm's total \cost function is TC = 50Q + 10Q^2. What is the firm's profit function?

Answer Options

Correct Answer A. Profit = 50Q - 12Q^2

B. Profit = 60Q - 15Q^2

C. Profit = 70Q - 18Q^2

D. Profit = 80Q - 20Q^2

Correct Answer

Correct Option:

Profit = 50Q - 12Q^2

About This Question

This is Post Utme Osustech 2018 Economics Question 19. It is one of the objective questions from the 2018 Post Utme Osustech Economics examination.

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