An unregulated monopolist could sell the first unit of output for $40. However, for each additional unit sold, the monopolist is forced to reduce the price by $2. Refer to the above information to answer this question. What is the value of the marginal revenue of the 7th unit? Select one: A. $34 OB. $12 C. $28. D. $180. O E $16. Consumer surplus is the value of Select one: O A. consumer spending on frivolous goods. B. the difference between the suggested retail price and the everyday low price. OC. making bulk purchases. D. the cumulative difference between what consumers are willing to pay and the price they actually pay E. the difference between the list price and the price the consumer can negotiate