The next two questions refer to the following table showing a monopolist’s dem...

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The next two questions refer to the following table showing a monopolist’s demand schedule:

Columns A and B

make up a portion of a monopolist's production function for a single variable input, labor.

Columns B and C represent the demand function facing the monopolist over this range of output.

1) The 17^th unit of labour adds $ to the firm's Total Revenue

.

2) Faced with a fixed wage rate of $2800, the maximum amount of profit that this firm can earn is $ .

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