Columns 1 and 2 Make Up a Portion of a Monopolist's

Multiple Choice

Columns 1 and 2 make up a portion of a monopolist's production function for a single variable input,labor.Columns 2 and 3 represent the demand function facing the monopolist over this range of output: If an increase in consumers' income increases product price by $2 at each level of output,how many units of labor will the firm employ at a wage rate of $300?

A) 3
B) 4
C) 5
D) 6
E) 7