Post Utme Ui 2023 Economics Question 15
Practice objective / multiple choice question 15 from the 2023 Post Utme Ui Economics examination.
A firm's revenue function is given by R = 100PQ, where R is revenue, P is price, and Q is quantity. If the price and quantity are increased by 10% and 5% respectively, what is the percentage change in revenue?
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About This Question
This is Post Utme Ui 2023 Economics Question 15. It is one of the objective questions from the 2023 Post Utme Ui Economics examination.
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