This is a microeconomics hw and it's about marginal revenue product

Micro Economics Homework #08 Marginal Revenue Product The Demand function is Qd = 1,000 - 20*P The Supply function is Qs = 400 + 10*P L Qd 0 0 10 200 20 360 30 480 40 560 50 600 Use the relationship between Labor and Output to answer the following questions: 1. In a competitive market: a) calculate the equilibrium price of the product using the supply and demand functions b) create the " Total Revenue" and "Marginal Revenue Product" columns c) Estimate the number of laborers hired when the wage rate is $200 Il. Now consider the behavior of a monopolist. a) calculate the price at each level of output (Q) by using (only) the demand function b) create the " Total Revenue" and "Marginal Revenue Product" columns c) Estimate the number of laborers hired by the monopolist when the wage rate is $200