Post Utme Rhema University 2020 Economics Question 30

Practice objective / multiple choice question 30 from the 2020 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2020 Economics Objective / Multiple Choice
Question 30 POST_UTME_RHEMA_UNIVERSITY • 2020 • ECONOMICS • objective

A government is considering implementing a policy to reduce carbon emissions. If the policy is expected to increase the \cost of production by 5%, what will be the likely effect on the firm's output?

Answer Options

A. Increase output
Correct Answer B. Decrease output
C. Maintain current output
D. Exit the market
Correct Answer
B
Correct Option:
Decrease output

About This Question

This is Post Utme Rhema University 2020 Economics Question 30. It is one of the objective questions from the 2020 Post Utme Rhema University Economics examination.

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