Post Utme Unilag 2021 Economics Question 10

Practice objective / multiple choice question 10 from the 2021 Post Utme Unilag Economics examination.

Post Utme Unilag 2021 Economics Objective / Multiple Choice
Question 10 POST_UTME_UNILAG • 2021 • ECONOMICS • objective

A firm has a \cost function given by \( C = 2x^2 + 3y^2 \) and a revenue function given by \( R = 4x^2 + 5y^2 \). Find the profit function of the firm.

Answer Options

Correct Answer A. \( P = x^2 + 2y^2 \)
B. \( P = 2x^2 + y^2 \)
C. \( P = x^2 + 3y^2 \)
D. \( P = 3x^2 + 2y^2 \)
Correct Answer
A
Correct Option:
\( P = x^2 + 2y^2 \)

About This Question

This is Post Utme Unilag 2021 Economics Question 10. It is one of the objective questions from the 2021 Post Utme Unilag Economics examination.

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