Post Utme Uniben 2017 Economics Question 23

Practice objective / multiple choice question 23 from the 2017 Post Utme Uniben Economics examination.

Post Utme Uniben 2017 Economics Objective / Multiple Choice

Question 23 POST_UTME_UNIBEN • 2017 • ECONOMICS • objective

A firm's \cost function is given by C = 2x^2 + 3x + 10, where x is the quantity produced. If the firm's revenue function is given by R = 4x^2 - 2x + 10, what is the firm's profit function?

Answer Options

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

B. P = 2x^2 + 5x + 10

C. P = 2x^2 - x + 10

D. P = 2x^2 + x + 10

Correct Answer

Correct Option:

P = 2x^2 - 5x + 10

About This Question

This is Post Utme Uniben 2017 Economics Question 23. It is one of the objective questions from the 2017 Post Utme Uniben Economics examination.

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