Post Utme Madonna University 2024 Economics Question 10

Practice objective / multiple choice question 10 from the 2024 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2024 Economics Objective / Multiple Choice
Question 10 POST_UTME_MADONNA_UNIVERSITY • 2024 • ECONOMICS • objective

A government imposes a tax of ₦10 per unit on a firm that produces a good with a demand curve given by Q = 100 - 2P. If the firm produces 20 units, what is the tax revenue?

Answer Options

A. ₦200
B. ₦300
Correct Answer C. ₦400
D. ₦500
Correct Answer
C
Correct Option:
₦400

About This Question

This is Post Utme Madonna University 2024 Economics Question 10. It is one of the objective questions from the 2024 Post Utme Madonna University Economics examination.

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