Post Utme Skyline University 2025 Economics Question 30

Practice objective / multiple choice question 30 from the 2025 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2025 Economics Objective / Multiple Choice

Question 30 POST_UTME_SKYLINE_UNIVERSITY • 2025 • ECONOMICS • objective

A firm's \cost function is given by C(x) = 2x^2 + 3x - 1, where x is the quantity produced. If the firm's revenue function is given by R(x) = 2x^2 - 5x + 3, find the firm's profit function.

Answer Options

Correct Answer A. P(x) = x^2 - 3x + 4

B. P(x) = 2x^2 - 3x + 2

C. P(x) = x^2 + 3x - 2

D. P(x) = 2x^2 + 3x - 1

Correct Answer

Correct Option:

P(x) = x^2 - 3x + 4

About This Question

This is Post Utme Skyline University 2025 Economics Question 30. It is one of the objective questions from the 2025 Post Utme Skyline University Economics examination.

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