Post Utme Caleb University 2025 Economics Question 38

Practice objective / multiple choice question 38 from the 2025 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2025 Economics Objective / Multiple Choice
Question 38 POST_UTME_CALEB_UNIVERSITY • 2025 • ECONOMICS • objective

A government imposes a tax on a firm's output. The firm's supply curve shifts to the left, and the new supply curve is given by Q = 100 - 2P. If the government wants to collect a tax revenue of ₦10,000, what should be the optimal tax rate?

Answer Options

A. 20%
Correct Answer B. 30%
C. 40%
D. 50%
Correct Answer
B
Correct Option:
30%

About This Question

This is Post Utme Caleb University 2025 Economics Question 38. It is one of the objective questions from the 2025 Post Utme Caleb University Economics examination.

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