Post Utme Redeemers University 2019 Economics Question 13

Practice objective / multiple choice question 13 from the 2019 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2019 Economics Objective / Multiple Choice
Question 13 POST_UTME_REDEEMERS_UNIVERSITY • 2019 • ECONOMICS • objective

A firm's demand for labor (L) is given by the equation L = 100 - 2P, where P is the price of the good. If the price of the good is $5, what is the firm's demand for labor?

Answer Options

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

About This Question

This is Post Utme Redeemers University 2019 Economics Question 13. It is one of the objective questions from the 2019 Post Utme Redeemers University Economics examination.

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