Post Utme Veritas University 2023 Commerce Question 28

Practice objective / multiple choice question 28 from the 2023 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2023 Commerce Objective / Multiple Choice
Question 28 POST_UTME_VERITAS_UNIVERSITY • 2023 • COMMERCE • objective

A firm's revenue function is given by R = 1000Q - 20Q^2, where R is revenue and Q is output. If the firm's output is increased by 10%, what is the percentage change in revenue?

Answer Options

A. 5%
Correct Answer B. 8%
C. 10%
D. 12%
Correct Answer
B
Correct Option:
8%

About This Question

This is Post Utme Veritas University 2023 Commerce Question 28. It is one of the objective questions from the 2023 Post Utme Veritas University Commerce examination.

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