Exhibit 9-5 Demand and cost data for a monopolist
Price
Quantity
TR
MR
TC
Profit
$10
1
10
10
4
9
2
8
8
3
12
7
4
16
6
5
20
5
6
24
4
7
28
3
8
32
2
9
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?
A. 0.
B. 24.
C. 16.
D. 12.
Answer: A
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