JAMB - Economics (2023 - No. 60)
If the supply curve of labour market is given as S = 4L + 8. What is L when s = 20?
2
4
5
3
Explicació
The supply curve of labour market is given as S = 4L + 8. To find the value of L when S = 20, we substitute S = 20 in the equation and solve for L. This gives us L = 3.