Post Utme Unilorin 2018 Commerce Question 9

Practice objective / multiple choice question 9 from the 2018 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2018 Commerce Objective / Multiple Choice
Question 9 POST_UTME_UNILORIN • 2018 • COMMERCE • objective

A firm's revenue function is given by R = 100Q - 2Q^2. If the firm's price and output are increased by 10% and 5% respectively, what is the percentage change in revenue?

Answer Options

A. 5%
Correct Answer B. 10%
C. 15%
D. 20%
Correct Answer
B
Correct Option:
10%

About This Question

This is Post Utme Unilorin 2018 Commerce Question 9. It is one of the objective questions from the 2018 Post Utme Unilorin Commerce examination.

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