Post Utme Christopher University 2017 Commerce Question 14

Practice objective / multiple choice question 14 from the 2017 Post Utme Christopher University Commerce examination.

Post Utme Christopher University 2017 Commerce Objective / Multiple Choice
Question 14 POST_UTME_CHRISTOPHER_UNIVERSITY • 2017 • COMMERCE • objective

A firm's revenue function is given by R = 100p^2, where R is revenue and p is price. If the firm's price is increased by 10%, what is the resulting percentage change in revenue?

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 Christopher University 2017 Commerce Question 14. It is one of the objective questions from the 2017 Post Utme Christopher University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support