kindly assist in 15mins please

Suppose a competitive firm can sell its output for $7 per unit. The following table gives the rm's short run production function. Labor Output 0 0 1 15 2 4O 3 7O 4 86 5 94 6 98 n the table below, you will determine several points on the rm's demand curve for labor. To do this, you must determine how many workers the rm should hire for different values of the wage rate in order to maximize prot. Complete the table below: Wage Rate Quantity Demanded of Workers pchorker $30 $50 $70 $100 Question 2 12 pts You are operating a rm in a perfectly competitive market. In the short run, you have xed costs of $30. Your variable costs are given in the following table: Complete the following table: Market Price Prot maximizing level of output Prot $70 $77 $85 $105 A monopolist faces a demand curve given by P = 70 2Q where P is the price of the good and Q is the quantity demanded. The marginal cost of production is constant and is equal to $6. There are no xed costs of production. Hint: To answer the following questions, it may be helpful to draw a graph! What quantity should the monopolist produce in order to maximize prot? What price should the monopolist charge in order to maximize prot? How much prot will the monopolist make? What is the deadweight loss created by this monopoly? (Hint: compare the monopoly outcome with the perfectly competitive outcome). Monopoly deadweight loss = If the market were perfectly competitive, what quantity would be produced? Question 4 3 pts Senior citizens can buy movie tickets at a lower price than the general public. This is an example of 0 age discrimination. Q demand discrimination. 0 price discrimination. 0 price differentiation. Question 5 3 pts Which of the following is NOT a necessary condition for a rm to price discriminate? Q The firm must be able to separate markets. 0 Buyers in different markets must have different elasticities of demand. 0 Resale of the product must be preventable. Q The firm must be a price-taker