Post Utme Ui 2018 Economics Question 30

Practice objective / multiple choice question 30 from the 2018 Post Utme Ui Economics examination.

Post Utme Ui 2018 Economics Objective / Multiple Choice
Question 30 POST_UTME_UI • 2018 • ECONOMICS • objective

A firm's marginal revenue product of labor is given by MRP = 2L + 3. If the firm's marginal product of labor is 5, what is the required wage?

Answer Options

A. 10
Correct Answer B. 15
C. 20
D. 25
Correct Answer
B
Correct Option:
15

About This Question

This is Post Utme Ui 2018 Economics Question 30. It is one of the objective questions from the 2018 Post Utme Ui Economics examination.

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