-Suppose the Busy Bee Café is the monopoly producer of hamburgers in Hay. The above figure represents the demand, marginal revenue and marginal cost curves for this establishment. What price will the Busy Bee charge to maximise its profit?
A) $5.00 for a hamburger
B) $1.00 for a hamburger
C) $2.00 for a hamburger
D) $3.00 for a hamburger
E) $4.00 for a hamburger

Question

-Suppose the Busy Bee Café is the monopoly producer of hamburgers in Hay. The above figure represents the demand, marginal revenue and marginal cost curves for this establishment. What price will the Busy Bee charge to maximise its profit?
A) $5.00 for a hamburger 
B) $1.00 for a hamburger 
C) $2.00 for a hamburger 
D) $3.00 for a hamburger 
E) $4.00 for a hamburger

Quizplus · Accepted Answer

The Answer of 
-Suppose the Busy Bee Café is the monopoly producer of hamburgers in Hay. The above figure represents the demand, marginal revenue and marginal cost curves for this establishment. What price will the Busy Bee charge to maximise its profit?
A) $5.00 for a hamburger 
B) $1.00 for a hamburger 
C) $2.00 for a hamburger 
D) $3.00 for a hamburger 
E) $4.00 for a hamburger

-Suppose the Busy Bee Café Is the Monopoly Producer of Hamburgers