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-Suppose the Busy Bee Café Is the Monopoly Producer of Hamburgers

Question 351

Multiple Choice

-Suppose the Busy Bee Café is the monopoly producer of hamburgers in Hugo,Oklahoma.The above figure represents the demand,marginal revenue,and marginal cost curves for this establishment.In order to maximize profit,the Busy Bee produces ________ hamburgers per hour and sets a price of ________ per hamburger. A) 20; $3.00 B) 20; $1.00 C) 30; $2.00 D) 30; $4.00 E) 50; $5.00
-Suppose the Busy Bee Café is the monopoly producer of hamburgers in Hugo,Oklahoma.The above figure represents the demand,marginal revenue,and marginal cost curves for this establishment.In order to maximize profit,the Busy Bee produces ________ hamburgers per hour and sets a price of ________ per hamburger.


A) 20; $3.00
B) 20; $1.00
C) 30; $2.00
D) 30; $4.00
E) 50; $5.00

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