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 an increase in consumers' income increases product price by $2 at each level of output,how many units of labor will the firm employ at a wage rate of $300?
Definitions:
Dividends
Payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders.
Price-Earnings Ratio
A financial measurement for equities determined by dividing the share's market price by its earnings per share.
Market Price
The immediate price point at which assets or services can be exchanged in the market.
Common Stock
A type of stock representing ownership in a corporation, entitling holders to vote on corporate matters and receive dividends.
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