If a restaurant has a monopoly in Montreal and its production function is q = 20l, where l is the amount of labor it uses and q is the number of meals it produces, and to hire l units of labor, the restaurant must pay a wage of $10l per unit of labor. The demand curve for meals at the restaurant isGiven by: p = 100 - q/1000. What is the equilibrium quantity of meals produced and sold by the restaurant?
