Post Utme Uniport 2025 Economics Question 24

Practice objective / multiple choice question 24 from the 2025 Post Utme Uniport Economics examination.

Post Utme Uniport 2025 Economics Objective / Multiple Choice
Question 24 POST_UTME_UNIPORT • 2025 • ECONOMICS • objective

A firm's \cost function is given by C(q) = 2q^2 + 10q + 100. If the firm's revenue function is given by R(q) = 20q, calculate the firm's profit function.

Answer Options

Correct Answer A. P(q) = 18q^2 + 10q + 100
B. P(q) = 18q^2 - 10q + 100
C. P(q) = 18q^2 + 10q - 100
D. P(q) = 18q^2 - 10q - 100
Correct Answer
A
Correct Option:
P(q) = 18q^2 + 10q + 100

About This Question

This is Post Utme Uniport 2025 Economics Question 24. It is one of the objective questions from the 2025 Post Utme Uniport Economics examination.

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