Question: Problem #2 The table below gives the demand schedule for Bud's Burgers, a monopoly seller of hamburgers in a small town. Complete the table by

table by calculating the marginal revenue. Quantity (Burgers per hour) Price Marginal

Revenue 8.00 2 7.00 3 6.00 4 5.00 5 4.00 a. Draw

Problem #2 The table below gives the demand schedule for Bud's Burgers, a monopoly seller of hamburgers in a small town. Complete the table by calculating the marginal revenue. Quantity (Burgers per hour) Price Marginal Revenue 8.00 2 7.00 3 6.00 4 5.00 5 4.00 a. Draw the demand curve and marginal revenue curve belowb. Suppose the marginal cost is $3 no matter how many hamburgers Bud's produces. Draw the marginal cost curve into the graph above. To maximize his profit, how many burgers will Bud grill in an hour and what will be their price

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