Post Utme Summit University 2025 Economics Question 6

Practice objective / multiple choice question 6 from the 2025 Post Utme Summit University Economics examination.

Post Utme Summit University 2025 Economics Objective / Multiple Choice

Question 6 POST_UTME_SUMMIT_UNIVERSITY • 2025 • ECONOMICS • objective

A firm's \cost function is given by C(x) = 2x^2 + 5x + 10. If the firm's revenue function is R(x) = 20x - 0.5x^2, what is the profit function?

Answer Options

Correct Answer A. P(x) = 15x^2 + 5x - 10

B. P(x) = 10x^2 - 5x + 20

C. P(x) = 5x^2 + 10x - 15

D. P(x) = 20x^2 - 10x + 5

Correct Answer

Correct Option:

P(x) = 15x^2 + 5x - 10

About This Question

This is Post Utme Summit University 2025 Economics Question 6. It is one of the objective questions from the 2025 Post Utme Summit University Economics examination.

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