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3]{10 points]A monopolist faces inverse demand function of p = 4:] [12:31. Technology of the monopolist allows that each worker produces 1i] units of product.

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3]{10 points]A monopolist faces inverse demand function of p = 4:] [12:31. Technology of the monopolist allows that each worker produces 1i] units of product. This monopolist also can behave like a nondiscriminating monopsonist in labor market where it faces inverse labor supply function ofw = 20 + E. a] Find the optimal number of hours E, this rm will employ? 1)] Find the wage rate this rm pays? c] Find the price {p] and quantity [[1] ofthe this rm produces

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