34. An amusement park faces a demand curve of Q = 40 – 0.4P and marginal cost of MC = 1.25Q, where Q is measured in thousands of customers. The amusement park's profit- maximizing output level is would be thousand and the competitive equilibrium output level and the competitive price is The monopolist price is

Q: Units of Labor| Total Output per Price of Good Day 10 $14 14 13 4 19 12 5 23 11 27 10 7 31 A firm's…

A: Units of labour Total Output per day Price TR MR 2 10 14 140 - 3 14 13 182 42 4 19 12 228 46…

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