Post Utme Lautech 2022 Economics Question 30

Practice objective / multiple choice question 30 from the 2022 Post Utme Lautech Economics examination.

Post Utme Lautech 2022 Economics Objective / Multiple Choice
Question 30 POST_UTME_LAUTECH • 2022 • ECONOMICS • objective

A firm's demand for labor is given by L = 100 - 2P_L, where P_L is the wage rate. If the wage rate is $20, how many workers will the firm hire?

Answer Options

A. 40
Correct Answer B. 50
C. 60
D. 70
Correct Answer
B
Correct Option:
50

About This Question

This is Post Utme Lautech 2022 Economics Question 30. It is one of the objective questions from the 2022 Post Utme Lautech 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