Post Utme Futo 2019 Economics Question 22

Practice objective / multiple choice question 22 from the 2019 Post Utme Futo Economics examination.

Post Utme Futo 2019 Economics Objective / Multiple Choice
Question 22 POST_UTME_FUTO • 2019 • ECONOMICS • objective

The government imposes a tax of ₦50 per unit on a firm's output. If the firm's supply function is given by Q = 2P - 100, find the new supply function and the equilibrium price and quantity.

Answer Options

Correct Answer A. Q = 2P - 150, P = ₦75, Q = 25
B. Q = 2P - 200, P = ₦100, Q = 0
C. Q = 2P - 250, P = ₦125, Q = -25
D. Q = 2P - 300, P = ₦150, Q = -50
Correct Answer
A
Correct Option:
Q = 2P - 150, P = ₦75, Q = 25

About This Question

This is Post Utme Futo 2019 Economics Question 22. It is one of the objective questions from the 2019 Post Utme Futo Economics examination.

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