Post Utme Uniben 2017 Economics Question 14

Practice objective / multiple choice question 14 from the 2017 Post Utme Uniben Economics examination.

Post Utme Uniben 2017 Economics Objective / Multiple Choice

Question 14 POST_UTME_UNIBEN • 2017 • ECONOMICS • objective

A firm's \cost function is given by C(x) = 100 + 2x^2. If the firm's revenue function is R(x) = 100x - 2x^2, what is the firm's profit function?

Answer Options

Correct Answer A. P(x) = 100x - 4x^2

B. P(x) = 100x - 2x^2

C. P(x) = 100x + 2x^2

D. P(x) = 100x + 4x^2

Correct Answer

Correct Option:

P(x) = 100x - 4x^2

About This Question

This is Post Utme Uniben 2017 Economics Question 14. It is one of the objective questions from the 2017 Post Utme Uniben Economics examination.

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