Columns 1 and 2 make up a portion of a monopolist's production function for a single variable input, labor. Columns 2 and 3 represent the demand function facing the monopolist over this range of output:
If the monopolist faces a fixed wage rate of $300, how many units of labor will the firm employ?
A. 3 units
B. 4 units
C. 5 units
D. 6 units
E. 7 units
Answer: B
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What will be an ideal response?