Post Utme Skyline University 2021 Economics Question 41

Practice objective / multiple choice question 41 from the 2021 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2021 Economics Objective / Multiple Choice
Question 41 POST_UTME_SKYLINE_UNIVERSITY • 2021 • ECONOMICS • objective

A firm's \cost function is given by C(x) = 2x^2 + 10x + 5. If the firm's revenue function is R(x) = 20x - 2x^2, what is the firm's profit function?

Answer Options

Correct Answer A. P(x) = 8x^2 + 10x - 5
B. P(x) = 8x^2 + 10x + 5
C. P(x) = 8x^2 - 10x - 5
D. P(x) = 8x^2 - 10x + 5
Correct Answer
A
Correct Option:
P(x) = 8x^2 + 10x - 5

About This Question

This is Post Utme Skyline University 2021 Economics Question 41. It is one of the objective questions from the 2021 Post Utme Skyline University Economics examination.

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