Post Utme Skyline University 2023 Economics Question 19

Practice objective / multiple choice question 19 from the 2023 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2023 Economics Objective / Multiple Choice
Question 19 POST_UTME_SKYLINE_UNIVERSITY • 2023 • ECONOMICS • objective

A government is considering a policy to increase agricultural production. If the policy is expected to increase output by 20% and the price of the output is ₦50 per unit, what is the increase in revenue?

Answer Options

A. ₦10 million
Correct Answer B. ₦20 million
C. ₦30 million
D. ₦40 million
Correct Answer
B
Correct Option:
₦20 million

About This Question

This is Post Utme Skyline University 2023 Economics Question 19. It is one of the objective questions from the 2023 Post Utme Skyline University Economics examination.

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