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Gargantuan Enterprises has a monopoly in the production of antimacassars. Its factory is located in the town of Pantagruel. There is no other industry in

Gargantuan Enterprises has a monopoly in the production of antimacassars. Its factory is located in the town of Pantagruel.

There is no other industry in Pantagruel, and the labor supply equation there is W = 10+0.1L,

where W is the daily wage and L is the number of person-days of work performed.

Antimacassars are produced with a production function, Q = 10L, where L is daily labor supply and Q is daily output.

The demand curve for antimacassars is P = 66 Q/900,where P is the price and Q is the number of sales per day.

The firm's profit-maximizing output is closest to:

1,540 antimacassars.

15,400antimacassars

3,080 antimacassars.

30,800 antimacassars

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