Post Utme Futa 2024 Commerce Question 19

Practice objective / multiple choice question 19 from the 2024 Post Utme Futa Commerce examination.

Post Utme Futa 2024 Commerce Objective / Multiple Choice

Question 19 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?

A. Revenue increases by 10%

B. Revenue increases by 12%

C. Revenue increases by 15%

D. Revenue increases by 18%

Correct Answer

N/A

This is Post Utme Futa 2024 Commerce Question 19. It is one of the objective questions from the 2024 Post Utme Futa Commerce examination.

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