Post Utme Ksu 2021 Commerce Question 4

Practice objective / multiple choice question 4 from the 2021 Post Utme Ksu Commerce examination.

Post Utme Ksu 2021 Commerce Objective / Multiple Choice
Question 4 POST_UTME_KSU • 2021 • COMMERCE • objective

A company's revenue function is given by R = 2Q^2, where R is the total revenue and Q is the quantity sold. If the company increases its price from ₦10 to ₦15 per unit, by how much will the total revenue increase?

Answer Options

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

About This Question

This is Post Utme Ksu 2021 Commerce Question 4. It is one of the objective questions from the 2021 Post Utme Ksu Commerce examination.

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