Post Utme Lasu 2017 Commerce Question 10

Practice objective / multiple choice question 10 from the 2017 Post Utme Lasu Commerce examination.

Post Utme Lasu 2017 Commerce Objective / Multiple Choice
Question 10 POST_UTME_LASU • 2017 • COMMERCE • objective

A firm's revenue function is given by R = 100P - 2P^2. If the price of the good is increased by 20%, what is the new total revenue?

Answer Options

A. 100
B. 110
C. 120
Correct Answer D. 130
Correct Answer
D
Correct Option:
130

About This Question

This is Post Utme Lasu 2017 Commerce Question 10. It is one of the objective questions from the 2017 Post Utme Lasu Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support