Post Utme Coal City University 2018 Commerce Question 15

Practice objective / multiple choice question 15 from the 2018 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2018 Commerce Objective / Multiple Choice
Question 15 POST_UTME_COAL_CITY_UNIVERSITY • 2018 • COMMERCE • objective

A firm's revenue function is given by R = 2L^2 + 3H^2, where R is revenue, L is labor, and H is capital. If the firm increases labor from 100 to 121 units, and capital from 100 to 121 units, by how much will revenue increase?

Answer Options

A. ₦1000
Correct Answer B. ₦2000
C. ₦3000
D. ₦4000
Correct Answer
B
Correct Option:
₦2000

About This Question

This is Post Utme Coal City University 2018 Commerce Question 15. It is one of the objective questions from the 2018 Post Utme Coal City University Commerce examination.

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