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

question 255

Multiple Choice

Use the following to answer questions: Table: Fast Food $$\begin{array} { l c c } \hline & \text { Hamburger } & \text { French Fries } \\\hline \text { Chris } & \$ 4.00 & \$ 0.50 \\\mathrm { Jim } & 2.00 & 2.00 \\\hline\end{array}$$
-(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

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Successful Product

A product that achieves significant sales, profitability, and/or market share goals.

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