Post Utme Wellspring University 2021 Economics Question 32

Practice objective / multiple choice question 32 from the 2021 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2021 Economics Objective / Multiple Choice
Question 32 POST_UTME_WELLSPRING_UNIVERSITY • 2021 • ECONOMICS • objective

A firm's \cost function is given by C(q) = 2q^2 + 10q + 5. The firm's revenue function is given by R(q) = 3q^2 + 5q. What is the firm's profit function?

Answer Options

Correct Answer A. P(q) = q^2 + 5q + 5
B. P(q) = 2q^2 + 5q + 5
C. P(q) = 3q^2 + 5q - 5
D. P(q) = 2q^2 + 10q + 5
Correct Answer
A
Correct Option:
P(q) = q^2 + 5q + 5

About This Question

This is Post Utme Wellspring University 2021 Economics Question 32. It is one of the objective questions from the 2021 Post Utme Wellspring University Economics examination.

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