Post Utme Lasu 2025 Economics Question 2

Practice objective / multiple choice question 2 from the 2025 Post Utme Lasu Economics examination.

Post Utme Lasu 2025 Economics Objective / Multiple Choice
Question 2 POST_UTME_LASU • 2025 • ECONOMICS • objective

A government imposes a tax on a firm's output. The firm's \cost function is given by ( C(q) = 10q + 20 ), and the tax rate is \( t = 0.2 \). Find the firm's new \cost function after the tax is imposed.

Answer Options

A. C(q) = 12q + 20
Correct Answer B. C(q) = 10q + 22
C. C(q) = 12q + 22
D. C(q) = 10q + 24
Correct Answer
B
Correct Option:
C(q) = 10q + 22

About This Question

This is Post Utme Lasu 2025 Economics Question 2. It is one of the objective questions from the 2025 Post Utme Lasu Economics examination.

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