Post Utme Summit University 2022 Economics Question 13

Practice objective / multiple choice question 13 from the 2022 Post Utme Summit University Economics examination.

Post Utme Summit University 2022 Economics Objective / Multiple Choice

Question 13 POST_UTME_SUMMIT_UNIVERSITY • 2022 • ECONOMICS • objective

A government imposes a tax of ₦10 per unit on a firm that produces a good with a demand curve given by Q = 100 - 2P. If the firm's \cost function is C(Q) = 2Q^2 + 10Q, find the new equilibrium price and quantity.

Answer Options

Correct Answer A. P = 45, Q = 22.5

B. P = 55, Q = 17.5

C. P = 35, Q = 27.5

D. P = 25, Q = 37.5

Correct Answer

Correct Option:

P = 45, Q = 22.5

About This Question

This is Post Utme Summit University 2022 Economics Question 13. It is one of the objective questions from the 2022 Post Utme Summit University Economics examination.

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