Post Utme Redeemers University 2023 Economics Question 17

Practice objective / multiple choice question 17 from the 2023 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2023 Economics Objective / Multiple Choice
Question 17 POST_UTME_REDEEMERS_UNIVERSITY • 2023 • ECONOMICS • objective

A firm's revenue is given by the equation 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

A. 3x^2 + 3x
B. x^2 + 3x + 1
Correct Answer C. 2x^2 + 3x + 1
D. x^2 + 3x - 1
Correct Answer
C
Correct Option:
2x^2 + 3x + 1

About This Question

This is Post Utme Redeemers University 2023 Economics Question 17. It is one of the objective questions from the 2023 Post Utme Redeemers University Economics examination.

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