Post Utme Lasu 2022 Economics Question 2

Practice objective / multiple choice question 2 from the 2022 Post Utme Lasu Economics examination.

Post Utme Lasu 2022 Economics Objective / Multiple Choice
Question 2 POST_UTME_LASU • 2022 • ECONOMICS • objective

A government imposes a tax on a firm's output. The firm's supply function is given by Q = 2P - 10. If the tax increases the firm's \cost by 30%, what is the new supply function?

Answer Options

A. Q = 2P - 20
Correct Answer B. Q = 2P - 15
C. Q = 2P - 30
D. Q = 2P - 25
Correct Answer
B
Correct Option:
Q = 2P - 15

About This Question

This is Post Utme Lasu 2022 Economics Question 2. It is one of the objective questions from the 2022 Post Utme Lasu Economics examination.

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