Post Utme Pan Atlantic University 2018 Economics Question 14

Practice objective / multiple choice question 14 from the 2018 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2018 Economics Objective / Multiple Choice
Question 14 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2018 • ECONOMICS • objective

A government imposes a tax of ₦75 per unit on a firm's output. If the firm's demand function is Q = 120 - 3P and the supply function is Q = 3P - 20, calculate the tax revenue.

Answer Options

A. ₦1500
B. ₦2000
Correct Answer C. ₦2500
D. ₦3000
Correct Answer
C
Correct Option:
₦2500

About This Question

This is Post Utme Pan Atlantic University 2018 Economics Question 14. It is one of the objective questions from the 2018 Post Utme Pan Atlantic University Economics examination.

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