Post Utme Unn 2022 Economics Question 6
Practice objective / multiple choice question 6 from the 2022 Post Utme Unn Economics examination.
A firm's demand for labor is given by the equation Qd = 1000L^\( -0.5 \), where Qd is the quantity of labor demanded and L is the wage rate. If the wage rate increases from ₦100 to ₦150, by what percentage will the quantity of labor demanded decrease?
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About This Question
This is Post Utme Unn 2022 Economics Question 6. It is one of the objective questions from the 2022 Post Utme Unn Economics examination.
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