Post Utme Bowen University 2022 Commerce Question 10

Practice objective / multiple choice question 10 from the 2022 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2022 Commerce Objective / Multiple Choice
Question 10 POST_UTME_BOWEN_UNIVERSITY • 2022 • COMMERCE • objective

A company's profit function is given by the equation P = R - C, where P is the profit, R is the total revenue, and C is the total cost. If the company increases its labor input from 100 units to 121 units, and its capital input from 100 units to 121 units, by how much will the profit increase?

Answer Options

A. 10%
Correct Answer B. 20%
C. 30%
D. 40%
Correct Answer
B
Correct Option:
20%

About This Question

This is Post Utme Bowen University 2022 Commerce Question 10. It is one of the objective questions from the 2022 Post Utme Bowen University Commerce examination.

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