Post Utme Joseph Ayo Babalola University 2025 Economics Question 33

Practice objective / multiple choice question 33 from the 2025 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2025 Economics Objective / Multiple Choice
Question 33 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2025 • ECONOMICS • objective

The government of a country imposes a tax on a firm's output. The firm's supply function is given by Q = 2P - 10, where Q is the quantity supplied and P is the price. If the tax rate is ₦50 per unit, find the new supply function and the quantity supplied at a price of ₦100.

Answer Options

A. Q = 2P - 20
B. Q = 2P - 15
Correct Answer C. Q = 2P - 10
D. Q = 2P - 5
Correct Answer
C
Correct Option:
Q = 2P - 10

About This Question

This is Post Utme Joseph Ayo Babalola University 2025 Economics Question 33. It is one of the objective questions from the 2025 Post Utme Joseph Ayo Babalola University Economics examination.

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