Post Utme Afe Babalola University 2020 Economics Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2020 Economics Objective / Multiple Choice
Question 20 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2020 • ECONOMICS • objective

A firm's demand for labor is given by L = 100 - 2P, where L is labor and P is the wage rate. If the wage rate is ₦50 per hour, what is the demand for labor?

Answer Options

A. 50 workers
Correct Answer B. 75 workers
C. 100 workers
D. 125 workers
Correct Answer
B
Correct Option:
75 workers

About This Question

This is Post Utme Afe Babalola University 2020 Economics Question 20. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support