Use the following information to answer the next 3 questions:

In the following table, columns 1 and 2 make up a portion of the production function of a monopolist using a single variable input (labor). Columns 2 and 3 make up the demand function facing this monopolist over this range of output.

Column (1)	Column(2)	Column(3)
Labor	Quantity	Price
9	50	$21
10	100	20
11	140	19
12	170	18
13	190	17
14	205	16
15	215	15

Question 1

What is the Marginal Product of the 11th unit of labor?

1. 40 units
2. 90 units
3. 140 units
4. 1540 units
5. None of the above.

Question 2

If the wage rate is $60, how much labor should the manager hire?

1. 10 units of labor
2. 11 units of labor
3. 12 units of labor
4. 13 units of labor
5. 14 units of labor

Question 3

At what wage rate would the manager hire 15 units of labor?

1. $40
2. $50
3. $70

Use the following information to answer the next 3 questions: In the following table, columns 1 and 2 make up a portion of the production function of a monopolist using a single variable input (labor). Columns 2 and 3 make up the demand function facing this monopolist over this range of output. Colurnn (1) Colurnn (2) Colurnn (3) Labor Quantity Price g 50 $21 10 100 20 11 140 19 12 170 18 13 190 17 14 205 16 15 215 15 Question 1 What is the Marginal Product of the 11th unit of labor? a) 40 units b) 90 units c) 140 units d) 1540 units e) None of the above. Question 2 If the wage rate is $60, how much labor should the manager hire? a) 10 units of labor b) 11 units of labor c) 12 units of labor d) 13 units of labor e) 14 units of labor Question 3 At what wage rate would the manager hire 15 units of labor? a) $40 b) $50 c) $70 d) At no wage rate would the manager hire a 15th unit of labor since it results in a negative marginal revenue