Post Utme Futa 2024 Commerce Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Futa Commerce examination.

Post Utme Futa 2024 Commerce Objective / Multiple Choice
Question 15 POST_UTME_FUTA • 2024 • COMMERCE • objective

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

Answer Options

A. Revenue increases by 10%
B. Revenue increases by 12%
Correct Answer C. Revenue increases by 15%
D. Revenue increases by 18%
Correct Answer
C
Correct Option:
Revenue increases by 15%

About This Question

This is Post Utme Futa 2024 Commerce Question 15. It is one of the objective questions from the 2024 Post Utme Futa Commerce examination.

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