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

question 38

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 bundles hamburgers and French fries into a Combo Meal, what price should it charge for the meal to maximize profits across these two consumers?

• A) $2.00
• B) $2.50
• C) $4.00
• D) $4.50

---

Definitions:

Statute Of Frauds

A legal principle that requires certain types of contracts to be in writing to be enforceable.

Parol Evidence Rule

A legal doctrine that prevents parties to a written contract from presenting extrinsic evidence of terms of the agreement that contradict, modify, or vary the terms of the written contract.

Customized Goods

Products that are tailored to meet the specific requirements or specifications of an individual customer.

Parol Evidence Rule

A legal rule that prevents the introduction of evidence outside the written contract that would alter or contradict its terms.