Answer to Question #62072 in Microeconomics for Benjamin Logan
Which of the following statements are true:
Marginal revenue per burger will be lower.
Marginal revenue per burger will be unchanged.
The demand for burgers, faced by a particular store, will no longer be perfectly elastic.
The profit maximising quantity of burgers will be where the marginal cost equals the burger price.
(It is equal to the price of burger, and it remained unchanged)
4. The profit maximizing quantity of burgers will be where the marginal cost equals the burger price.
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