Post Utme Elizade University 2018 Economics Question 29

Practice objective / multiple choice question 29 from the 2018 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2018 Economics Objective / Multiple Choice
Question 29 POST_UTME_ELIZADE_UNIVERSITY • 2018 • ECONOMICS • objective

A firm's demand for labor is given by L = 100 + 0.5W, where W is the wage rate. If the firm's supply of labor is given by S = 80 - 0.2W, what is the equilibrium wage rate?

Answer Options

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

About This Question

This is Post Utme Elizade University 2018 Economics Question 29. It is one of the objective questions from the 2018 Post Utme Elizade University Economics examination.

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