The demand function of a service is Qp = 2000 - 10P The inverse supply function of labour is PL. = 50L + 600 (Both markets are monopolistic!) The production function is Q = 40L + 190 The only variable cost is labour cost; the fixed cost is 60,000. a) Calculate the number of workers. b) Calculate the quantity of the output and the price of the service. c) Calculate the profit of the firm. Calculate the price of labour. L = 14 Q =750 7 - 15.550 PL= 1,300 P = 125