Post Utme Elizade University 2019 Economics Question 7

Practice objective / multiple choice question 7 from the 2019 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2019 Economics Objective / Multiple Choice
Question 7 POST_UTME_ELIZADE_UNIVERSITY • 2019 • ECONOMICS • objective

A firm's demand for labor is given by the equation Q = 100L^\( -1/2 \), where Q is the quantity of labor demanded and L is the wage rate. If the wage rate is ₦100,000, how many units of labor will the firm demand?

Answer Options

Correct Answer A. 100
B. 50
C. 200
D. 250
Correct Answer
A
Correct Option:
100

About This Question

This is Post Utme Elizade University 2019 Economics Question 7. It is one of the objective questions from the 2019 Post Utme Elizade 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