2. Based on the following scenario, answer questions 22. 2b. 2c. and 2d: You and the other hamburger shops thatjust opened in yourarea are all selling the same basic hamburgers. Every other shop is selling their hamburgers for $2.00 per hamburger. You are now a price taker in a perfectly competitive market where the price of a hamburger is $2.00. Question 4 7 pts 23. Download the Hamburger Shop Revenue and Prot table and ll it out. Upload your complete table in the space below. [1/3 point per entry) Edit View Insert Format Tools Table 14ptV ParagraphVI B I 9 AV iv T'VI 09V EV EN BVI 5' I V EV E | To EHV Vi f D Question 5 3 pts 2b. Based on your current quantities and costs, can you sell a hamburger for $2.00 and still make a profit? (1 point) Explain your answer using information from the table. (2 points) Edit View Insert Format Tools Table 14pt ~ Paragraph ~ | B I U A v Q V TV | Q B BV DV| $ | ED BV VX p BERGE 1 0 words >D Question 6 4 pts 2c. Identify at least one positive and negative externality from running a hamburger shop. (1 point per externality). What is one example of how an externality could affect the price of your hamburger? (2 points) Edit View Insert Format Tools Table 14 pt ~ Paragraph ~ | B I U A v Q V T ( Y | Q V B BV D | $ | EV EV = |D B V VX Q p : 1 0 words > D Question 7 4 pts 2d. Draw 2 graphs showing the price of hamburgers before and after the positive and negative externality impacted the price of your hamburgers. (2 points per graph) Edit View Insert Format Tools Table 14 pt ~ Paragraph ~ | B J U A v Q V T V | Q V B BV D | $ | EV EV = D B V VX Q p BE:3 1 0 words >Quantity Variable Fixed Price Total Total Profit Marginal Costs Costs Costs Revenue Costs 1,000 $500 $5,000 $2 $5,500 2,500 $1,000 $5,000 $2 $6,000 4,000 $1,400 $5,000 $2 $6,400 9,000 $2,400 $5,000 $2 $7,400 13,000 $3,400 $5,000 $2 $8,400 20,000 $10,000 $5,000 $2 $15,000 45,000 $31,250 $5,000 $2 $36,250