Post Utme Aaua 2023 Economics Question 15

Practice objective / multiple choice question 15 from the 2023 Post Utme Aaua Economics examination.

Post Utme Aaua 2023 Economics Objective / Multiple Choice
Question 15 POST_UTME_AAUA • 2023 • ECONOMICS • objective

A firm's revenue function is given by R = 2Q^2, where R is the revenue and Q is the output. If the firm wants to increase its revenue by 50%, what is the required percentage increase in output?

Answer Options

A. 25% increase in output
Correct Answer B. 50% increase in output
C. 25% increase in output
D. 50% increase in output
Correct Answer
B
Correct Option:
50% increase in output

About This Question

This is Post Utme Aaua 2023 Economics Question 15. It is one of the objective questions from the 2023 Post Utme Aaua Economics examination.

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