Post Utme Unilag 2022 Economics Question 40

Practice objective / multiple choice question 40 from the 2022 Post Utme Unilag Economics examination.

Post Utme Unilag 2022 Economics Objective / Multiple Choice
Question 40 POST_UTME_UNILAG • 2022 • ECONOMICS • objective

A firm's \cost function is C(x) = 2x^2 + 5x + 1, where x is the number of units produced. If the firm's revenue function is R(x) = 3x^2 + 2x + 5, what is the profit function?

Answer Options

Correct Answer A. x^2 - 3x + 4
B. x^2 + 3x - 4
C. -x^2 + 3x - 4
D. -x^2 - 3x + 4
Correct Answer
A
Correct Option:
x^2 - 3x + 4

About This Question

This is Post Utme Unilag 2022 Economics Question 40. It is one of the objective questions from the 2022 Post Utme Unilag Economics examination.

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