Post Utme Igbinedion University 2021 Commerce Question 20
Practice objective / multiple choice question 20 from the 2021 Post Utme Igbinedion University Commerce examination.
A firm's profit function is given by \pi = R - C, where \pi is profit, R is revenue, and C is cost. If revenue increases by 10% and cost remains constant, what is the percentage change in profit?
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About This Question
This is Post Utme Igbinedion University 2021 Commerce Question 20. It is one of the objective questions from the 2021 Post Utme Igbinedion University Commerce examination.
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