Post Utme Greenfield University 2022 Economics Question 25

Practice objective / multiple choice question 25 from the 2022 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2022 Economics Objective / Multiple Choice
Question 25 POST_UTME_GREENFIELD_UNIVERSITY • 2022 • ECONOMICS • objective

A firm's revenue function is given by R = 2L^2 + 3K^2, where R is the revenue, L is the labor, and K is the capital. If the firm increases labor from 2 units to 5 units and capital from 3 units to 6 units, what is the percentage change in revenue?

Answer Options

A. 25%
B. 30%
Correct Answer C. 35%
D. 40%
Correct Answer
C
Correct Option:
35%

About This Question

This is Post Utme Greenfield University 2022 Economics Question 25. It is one of the objective questions from the 2022 Post Utme Greenfield University Economics examination.

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