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3. Based on the following scenario, answer questions 3a, 3b, 3c, and 3d: The McDonald's table shows information you found out about McDonald's production capabilities
3. Based on the following scenario, answer questions 3a, 3b, 3c, and 3d: The McDonald's table shows information you found out about McDonald's production capabilities and costs when operating as a monopoly. Question 8 3a. Download the McDonald's table mentioned on the left. ll it out. Upload yourcomplete table in the space below. (V. per entry) Edit View Insert Format Tools Table 14m:V ParagraphVI B I 9 AV iv T'VI D Question 10 2 pts 3c. What could Mcdonald's do to create barriers that would prevent others from entering the markets and would make it harder for remaining hamburger shops to remain in the market? Edit View Insert Format Tools Table 14pt ~ Paragraph ~ | B I U A v Q V T V | Q B BV D | $ | ESD BV VX QD Question 11 4 pts 3d. There are several hamburger shops around you. You are trying to find ways to make your hamburger shop the most successful hamburger shop in your area. What is at least one way you would differentiate your shop from others? (2 points). Explain how that action would decrease costs, increase production, or otherwise raise your profits. (2 points) Edit View Insert Format Tools Table 14 pt > Paragraph ~ | B J U A v Q V T V | Q V B BV D | $ | EV E S D BBV V Q p :23 1 0 words >Mcdonald's Quantity Variable Costs Fixed Costs Total Costs Price Total Revenue Profit Marginal Costs Marginal Revenue 1,000 500 5,000 5,500 4.00 2,500 1,000 5,000 6,000 3.50 4,000 1,400 5,000 6,400 3.00 9,000 2,400 5,000 7,400 2.00 13,000 3.400 5,000 8,400 1.00 20,000 10,000 5,000 15,000 0.50 45,000 31,250 5,000 36,250 0.30
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