Post Utme Lead City University 2018 Economics Question 40

Practice objective / multiple choice question 40 from the 2018 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2018 Economics Objective / Multiple Choice
Question 40 POST_UTME_LEAD_CITY_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's revenue function is given by R(x) = 2x^2 + 5x + 1, where x is the number of units produced. If the firm's \cost function is C(x) = 3x^2 + 2x + 5, and the government imposes a tax of ₦5 per unit on the firm's output, find the new total revenue if the firm produces 10 units.

Answer Options

A. ₦130
Correct Answer B. ₦135
C. ₦140
D. ₦145
Correct Answer
B
Correct Option:
₦135

About This Question

This is Post Utme Lead City University 2018 Economics Question 40. It is one of the objective questions from the 2018 Post Utme Lead City University Economics examination.

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