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