Post Utme Summit University 2022 Economics Question 25

Practice objective / multiple choice question 25 from the 2022 Post Utme Summit University Economics examination.

Post Utme Summit University 2022 Economics Objective / Multiple Choice
Question 25 POST_UTME_SUMMIT_UNIVERSITY • 2022 • ECONOMICS • objective

The government of Nigeria has introduced a new policy aimed at increa\sing agricultural production. The policy involves the provision of subsidies to farmers who use certain inputs. If the subsidy is ₦100 per unit of input, and the farmer uses 100 units of input, what is the total subsidy received by the farmer?

Answer Options

A. ₦10,000
B. ₦20,000
Correct Answer C. ₦30,000
D. ₦40,000
Correct Answer
C
Correct Option:
₦30,000

About This Question

This is Post Utme Summit University 2022 Economics Question 25. It is one of the objective questions from the 2022 Post Utme Summit University Economics examination.

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