Post Utme Uniport 2018 Commerce Question 9

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

Post Utme Uniport 2018 Commerce Objective / Multiple Choice
Question 9 POST_UTME_UNIPORT • 2018 • COMMERCE • objective

A firm's revenue function is given by R = 100P - 2P^2, where R is the total revenue and P is the price. If the firm increases the price from ₦50 to ₦60, what is the percentage change in the total revenue?

Answer Options

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

About This Question

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

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