Post Utme Noun 2020 Economics Question 28

Practice objective / multiple choice question 28 from the 2020 Post Utme Noun Economics examination.

Post Utme Noun 2020 Economics Objective / Multiple Choice
Question 28 POST_UTME_NOUN • 2020 • ECONOMICS • objective

A government imposes a tax on a firm's output. The firm's supply function is given by Q = 2P - 5. If the tax rate is 10%, calculate the new supply function.

Answer Options

A. \( Q = 2P - 5 \)
Correct Answer B. \( Q = 2P - 10 \)
C. \( Q = 2P - 15 \)
D. \( Q = 2P - 20 \)
Correct Answer
B
Correct Option:
\( Q = 2P - 10 \)

About This Question

This is Post Utme Noun 2020 Economics Question 28. It is one of the objective questions from the 2020 Post Utme Noun Economics examination.

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