Post Utme Greenfield University 2021 Commerce Question 24

Practice objective / multiple choice question 24 from the 2021 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2021 Commerce Objective / Multiple Choice
Question 24 POST_UTME_GREENFIELD_UNIVERSITY • 2021 • COMMERCE • objective

A firm's revenue function is given by R(p) = 100p^2. If the price of the firm's product increases by 10%, what is the new level of revenue?

Answer Options

A. 110
B. 120
Correct Answer C. 130
D. 140
Correct Answer
C
Correct Option:
130

About This Question

This is Post Utme Greenfield University 2021 Commerce Question 24. It is one of the objective questions from the 2021 Post Utme Greenfield University Commerce examination.

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