Post Utme Skyline University 2018 Economics Question 20

Practice objective / multiple choice question 20 from the 2018 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2018 Economics Objective / Multiple Choice
Question 20 POST_UTME_SKYLINE_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's \cost function is given by C = 2x + 3x^2, where x is the quantity of output produced. If the selling price is ₦10 per unit, and the firm produces 10 units, what is the profit?

Answer Options

A. ₦20
Correct Answer B. ₦30
C. ₦40
D. ₦50
Correct Answer
B
Correct Option:
₦30

About This Question

This is Post Utme Skyline University 2018 Economics Question 20. It is one of the objective questions from the 2018 Post Utme Skyline University Economics examination.

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