Post Utme Caleb University 2018 Economics Question 2
Practice objective / multiple choice question 2 from the 2018 Post Utme Caleb University Economics examination.
A firm's total revenue (TR) is given by the equation TR = P × Q, where P is the price per unit and Q is the quantity sold. If the price per unit increases by 10% and the quantity sold increases by 20%, what is the percentage change in total revenue?
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About This Question
This is Post Utme Caleb University 2018 Economics Question 2. It is one of the objective questions from the 2018 Post Utme Caleb University Economics examination.
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