Post Utme Igbinedion University 2021 Commerce Question 19

Practice objective / multiple choice question 19 from the 2021 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2021 Commerce Objective / Multiple Choice
Question 19 POST_UTME_IGBINEDION_UNIVERSITY • 2021 • COMMERCE • objective

A company's revenue function is given by R = 1000 + 20L, where R is revenue and L is labor. If labor increases by 20%, what is the percentage change in revenue?

Answer Options

A. 10%
Correct Answer B. 20%
C. 30%
D. 40%
Correct Answer
B
Correct Option:
20%

About This Question

This is Post Utme Igbinedion University 2021 Commerce Question 19. It is one of the objective questions from the 2021 Post Utme Igbinedion University Commerce examination.

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