Post Utme Al Hikmah University 2023 Economics Question 15
Practice objective / multiple choice question 15 from the 2023 Post Utme Al Hikmah University Economics examination.
The government of Nigeria has introduced a new policy aimed at increa\sing the country's industrial production. The policy involves a 10% subsidy on all raw materials used in the production of goods. If the total \cost of raw materials before the subsidy was ₦500 million, what is the new \cost after the subsidy is imposed?
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About This Question
This is Post Utme Al Hikmah University 2023 Economics Question 15. It is one of the objective questions from the 2023 Post Utme Al Hikmah University Economics examination.
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