Post Utme Covenant University 2020 Economics Question 25

Practice objective / multiple choice question 25 from the 2020 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2020 Economics Objective / Multiple Choice
Question 25 POST_UTME_COVENANT_UNIVERSITY • 2020 • ECONOMICS • objective

The Nigerian government has introduced a policy to promote industrialization in the country. The policy involves providing subsidies to firms that produce goods u\sing local raw materials. If a firm is producing a good u\sing 100 units of local raw materials and the subsidy is ₦50 per unit, what is the total subsidy received by the firm?

Answer Options

A. ₦5,000
B. ₦10,000
C. ₦15,000
Correct Answer D. ₦20,000
Correct Answer
D
Correct Option:
₦20,000

About This Question

This is Post Utme Covenant University 2020 Economics Question 25. It is one of the objective questions from the 2020 Post Utme Covenant University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support