Post Utme Esut 2024 Commerce Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Esut Commerce examination.

Post Utme Esut 2024 Commerce Objective / Multiple Choice
Question 3 POST_UTME_ESUT • 2024 • COMMERCE • objective

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

Answer Options

A. 40%
B. 44%
Correct Answer C. 48%
D. 52%
Correct Answer
C
Correct Option:
48%

About This Question

This is Post Utme Esut 2024 Commerce Question 3. It is one of the objective questions from the 2024 Post Utme Esut Commerce examination.

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