Mr. Barnes has a monopoly in the production of electricity in the local market. The relevant marginal revenue of electricity sales as a function of labor employment is: 
The marginal product of labor in electricity production is 0.01. Mr. Barnes is a price taker in the labor employment market, and the market price of labor is $15. Determine Mr. Barnes' optimal employment of labor.
Definitions:
NYPD
Acronym for the New York Police Department, one of the largest and most well-known municipal police forces in the United States.
Stereotypically Constructed
Describes concepts, identities, or roles that are formed based on generalized and oversimplified beliefs or ideas, often lacking individual nuances.
Knockout Game
A violent activity where an assailant attempts to knock out an unsuspecting victim with a single punch.
Moral Panic
A widespread fear, often irrational, that someone or something is a threat to the values, safety, and interests of a community or society.
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