A firm sells output in a competitive market. The price per unit of output is $3. The firm's production schedule is given by Table 1. The firm is a monopsony in the labor market. Table 2 contains the supply schedule of workers.

Table 1 Firm's Production Schedule Table 2 Labor Sugpl Schedule Number of workers Output Wage rate ('5 per our) Number of workers 0 0 0 0 1 20 16 1 2 19 18 2 3 18 20 3 4 17 22 4 5 16 24 5 6 15 26 6 7 14 28 7 8 13 30 8 9 12 32 9 10 1 1 34 10 11 10 36 1 1 12 9 3 8 12 13 8 40 13