Post Utme Unilorin 2021 Economics Question 10

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

Post Utme Unilorin 2021 Economics Objective / Multiple Choice
Question 10 POST_UTME_UNILORIN • 2021 • ECONOMICS • objective

A firm has a production function given by Q = 2L + 3K. If the firm's \cost function is C = 10L + 20K, what is the firm's profit function?

Answer Options

Correct Answer A. π = 2L + 3K - 10L - 20K
B. π = 2L + 3K + 10L + 20K
C. π = 2L + 3K + 10L - 20K
D. π = 2L + 3K - 10L + 20K
Correct Answer
A
Correct Option:
π = 2L + 3K - 10L - 20K

About This Question

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

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