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2) (22 Total Points) Suppose a monopolist's production function is given by q = MIN(SL,K). The price of Labor is w = $15, and the

2) (22 Total Points) Suppose a monopolist's production function is given by q = MIN(SL,K). The price of Labor is w = $15, and the price of Capital is r = $4. Also, the Market Demand is given by P = 207 5Q. a) (4 points) What is the firm's Total Cost function? TCUI) = b) (2 points) What is the finn's Marginal Cost? MC: c) [2 points) How much output should the firm produce to maximize profit? d) (2 points) What price will the firm charge if it maximizes profit

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