Post Utme Rhema University 2020 Economics Question 12

Practice objective / multiple choice question 12 from the 2020 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2020 Economics Objective / Multiple Choice
Question 12 POST_UTME_RHEMA_UNIVERSITY • 2020 • ECONOMICS • objective

A government imposes a tax on a firm's output. If the firm's supply function is \( Q = 2P - 10 \) and the tax rate is ₦5 per unit, what is the firm's new supply function?

Answer Options

Correct Answer A. \( Q = 2P - 15 \)
B. \( Q = 2P - 20 \)
C. \( Q = 2P - 25 \)
D. \( Q = 2P - 30 \)
Correct Answer
A
Correct Option:
\( Q = 2P - 15 \)

About This Question

This is Post Utme Rhema University 2020 Economics Question 12. It is one of the objective questions from the 2020 Post Utme Rhema University Economics examination.

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