Post Utme Achievers University 2022 Commerce Question 23

Practice objective / multiple choice question 23 from the 2022 Post Utme Achievers University Commerce examination.

Post Utme Achievers University 2022 Commerce Objective / Multiple Choice
Question 23 POST_UTME_ACHIEVERS_UNIVERSITY • 2022 • COMMERCE • objective

A firm's revenue function is given by R = 100Q - 2Q^2, where R is revenue and Q is output. If the firm's output is increased by 20%, what is the percentage change in revenue?

Answer Options

A. 10%
Correct Answer B. 15%
C. 20%
D. 25%
Correct Answer
B
Correct Option:
15%

About This Question

This is Post Utme Achievers University 2022 Commerce Question 23. It is one of the objective questions from the 2022 Post Utme Achievers University Commerce examination.

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