1. 

2. [6 points] You are the boss of "yikes my fries!" and you sell burgers and shakes. You face daily 3 consumers with the following WTP. Burger Shakes Bob 8 3 Jud 5 MC or each is 0 JB 5 Ruddy 7 5 a. What is the profit maximizing price for burgers? (how much profit?) b. What is the profit maximizing price for shakes? (how much profit?) c. If the firm was considering to offer burger and shakes as a meal instead of separately. What price should the firm set to maximize profits? Is it better then single pricing? d. What if it could offer, burgers, shakes and the combo: burger and shakes! What price should it set for all these items to maximize total profit