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Use the Following to Answer Questions: Table: Fast Food -(Table: Fast Food) This Table Represents Chris and Jim's Maximum

Question 191

Multiple Choice

Use the following to answer questions: Table: Fast Food  Hamburger  French Fries  Chris $4.00$0.50Jim2.002.00\begin{array} { l c c } \hline & \text { Hamburger } & \text { French Fries } \\\hline \text { Chris } & \$ 4.00 & \$ 0.50 \\\mathrm { Jim } & 2.00 & 2.00 \\\hline\end{array}
-(Table: Fast Food) This table represents Chris and Jim's maximum willingness to pay for certain fast-food items. The marginal cost of making a hamburger is $0.50 and the marginal cost of an order of French fries is $0.25. If this firm sets prices individually, what price for hamburgers would maximize profits across these two consumers?


A) $0.50
B) $2.00
C) $4.00
D) a price between $2.00 and $4.00

Correct Answer:

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