Post Utme Futo 2018 Commerce Question 31

Practice objective / multiple choice question 31 from the 2018 Post Utme Futo Commerce examination.

Post Utme Futo 2018 Commerce Objective / Multiple Choice
Question 31 POST_UTME_FUTO • 2018 • COMMERCE • objective

A company's revenue function is given by R = 100Q - 2Q^2, where R is the total revenue and Q is the quantity sold. If the company increases its price from ₦10 to ₦20, what is the new total revenue?

Answer Options

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

About This Question

This is Post Utme Futo 2018 Commerce Question 31. It is one of the objective questions from the 2018 Post Utme Futo Commerce examination.

Master the Exam!

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
Chat with Support