Post Utme Nile University 2020 Economics Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Nile University Economics examination.

Post Utme Nile University 2020 Economics Objective / Multiple Choice
Question 20 POST_UTME_NILE_UNIVERSITY • 2020 • ECONOMICS • objective

A government imposes a tax on a firm's output, which increases the firm's \cost by 20%. If the firm's initial \cost is $100, what is the new \cost?

Answer Options

Correct Answer A. $120
B. $110
C. $100
D. $90
Correct Answer
A
Correct Option:
$120

About This Question

This is Post Utme Nile University 2020 Economics Question 20. It is one of the objective questions from the 2020 Post Utme Nile University Economics examination.

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