Post Utme Summit University 2019 Economics Question 13

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

Post Utme Summit University 2019 Economics Objective / Multiple Choice
Question 13 POST_UTME_SUMMIT_UNIVERSITY • 2019 • ECONOMICS • objective

A firm's demand for labor is given by the equation Qd = 100L^\( -1/2 \). If the wage rate is $10 per hour, what is the firm's labor demand at a wage rate of $15 per hour?

Answer Options

A. 20 hours
Correct Answer B. 30 hours
C. 40 hours
D. 50 hours
Correct Answer
B
Correct Option:
30 hours

About This Question

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

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