Post Utme Skyline University 2025 Economics Question 2

Practice objective / multiple choice question 2 from the 2025 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2025 Economics Objective / Multiple Choice
Question 2 POST_UTME_SKYLINE_UNIVERSITY • 2025 • ECONOMICS • objective

A firm is producing at a point where its marginal revenue product of labor is equal to its wage rate. If the firm increases the wage rate by 15%, what will happen to the quantity of labor hired?

Answer Options

A. Increase by 10%
Correct Answer B. Decrease by 10%
C. Increase by 15%
D. Decrease by 15%
Correct Answer
B
Correct Option:
Decrease by 10%

About This Question

This is Post Utme Skyline University 2025 Economics Question 2. It is one of the objective questions from the 2025 Post Utme Skyline University Economics examination.

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