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Exhibit 9-5 Demand and cost data for a monopolist Price Quantity TR MR TC Profit $10 10 10 6. 8. 3. 12 7. 16 20

Exhibit 9-5 Demand and cost data for a monopolist Price Quantity TR MR TC Profit $10 10 10 6. 8. 3. 12 7. 16 20 5. 6. 24 4 7. 28 3. 8. 32 2. 6. 36 1. 10 40 By calculating the data provided in Exhibit 9-5, how much is the profit if the firm decides to produce 7 units? O a. 24, O b. 16. C. 12, O d. 0.

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