Post Utme Rhema University 2024 Economics Question 18

Practice objective / multiple choice question 18 from the 2024 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2024 Economics Objective / Multiple Choice
Question 18 POST_UTME_RHEMA_UNIVERSITY • 2024 • ECONOMICS • objective

A government imposes a tax on a firm's output. The firm's \cost function is given by C(x) = 2x^2 + 5x + 10 and the tax rate is 0.2. What is the new \cost function?

Answer Options

Correct Answer A. C(x) = 2x^2 + 5x + 10 + 0.2x
B. C(x) = 2x^2 + 5x + 10 - 0.2x
C. C(x) = 2x^2 + 5x + 10 + 0.2x^2
D. C(x) = 2x^2 + 5x + 10 - 0.2x^2
Correct Answer
A
Correct Option:
C(x) = 2x^2 + 5x + 10 + 0.2x

About This Question

This is Post Utme Rhema University 2024 Economics Question 18. It is one of the objective questions from the 2024 Post Utme Rhema University Economics examination.

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