Post Utme Uniben 2024 Economics Question 14

Practice objective / multiple choice question 14 from the 2024 Post Utme Uniben Economics examination.

Post Utme Uniben 2024 Economics Objective / Multiple Choice
Question 14 POST_UTME_UNIBEN • 2024 • ECONOMICS • objective

A firm's demand for labor is given by the following equation: L = 100 - 2P, where L is labor and P is the wage rate. If the current wage rate is $20 per hour, calculate 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 Uniben 2024 Economics Question 14. It is one of the objective questions from the 2024 Post Utme Uniben Economics examination.

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