Post Utme Joseph Ayo Babalola University 2021 Commerce Question 3

Practice objective / multiple choice question 3 from the 2021 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2021 Commerce Objective / Multiple Choice
Question 3 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2021 • COMMERCE • objective

A firm's revenue function is given by R = 100Q - 2Q^2. If the firm's output is increased by 10%, what is the percentage change in revenue?

Answer Options

Correct Answer A. -10%
B. 0%
C. 5%
D. 10%
Correct Answer
A
Correct Option:
-10%

About This Question

This is Post Utme Joseph Ayo Babalola University 2021 Commerce Question 3. It is one of the objective questions from the 2021 Post Utme Joseph Ayo Babalola University Commerce examination.

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