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7.
A company's analytics team has modelled its Total Revenue (TR) as TR = 3W1.2 A3.6, where W is its wage payments and A is its advertising expenditure.
[1] The approximate change in TR, if wages are increased by 5% will be
(1) 3.15% (2) 5% (3) 3.18% (4) 6%[2] In addition to the said wage increase, if A is decreased by 2% then net change in TR will be
(1) 3% (2) −1.2% (3) −0.04% (4) −1.4%asked in JMET
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