Solve clearly

5. Study Questions and Problems #7 Use the data from the following demand schedule to answer the questions that follow. Price (P) Total Revenue (TR) Marginal Revenue (MR) (Dollars) Quantity Demanded (Q) (Dollars) (Dollars) 15.00 0 0.00 13.50 13.50 13.50 10.50 12.00 24.00 7.50 10.50 31.50 4.50 9.00 36.00 1.50 TWO UAW N 7.50 37.50 -1.50 6.00 36.00 -4.50 4.50 31.50 -7.50 3.00 8 24.00 -10.50 1.50 13.50 -13.50 0.00 10 0.00Make the unrealistic assumption that production is costless for the monopolist in this question. The monopolist will charge a price of $ per unit and sell units. This will yield an economic profit of $ for the monopolist. Now assume the marginal cost is above zero and is equal to the marginal revenue of the fourth unit. The monopolist will now charge price and produce when production was costless. In turn, the monopolist will now earn economic profit compared to when production was costless