Post Utme Futa 2024 Commerce Question 11

Practice objective / multiple choice question 11 from the 2024 Post Utme Futa Commerce examination.

Post Utme Futa 2024 Commerce Objective / Multiple Choice
Question 11 POST_UTME_FUTA • 2024 • COMMERCE • objective

A firm specializes in producing a single product, which is a type of commodity. If the firm's production increases by 20% and the price of the commodity decreases by 15%, what is the effect on the firm's total revenue?

Answer Options

A. Total revenue increases by 5%
B. Total revenue decreases by 2.5%
C. Total revenue remains the same
Correct Answer D. Total revenue increases by 2.5%
Correct Answer
D
Correct Option:
Total revenue increases by 2.5%

About This Question

This is Post Utme Futa 2024 Commerce Question 11. It is one of the objective questions from the 2024 Post Utme Futa Commerce examination.

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