4 9 points (Table 1: Maximum Willingness to pay) Suppose that Fran and Dell have plans to meet after class to have a bite to eat. Dell decides that, since he chose where they ate last week, Fran should decide where they will eat this week. Fran chooses Wendy's, which is her favorite fast-food restaurant. Consider the table below, which shows Fran and Dell's maximum willingness to pay for French-fries and Frostys, for parts (a) through (e). Assume that the marginal cost of producing French-fries and Frostys equals zero. Maximum Willingness to Pay Fran Dell French Fries $3.50 $1.00 Frostys $2.50 $1.50 (a) What is Wendy's profit-maximizing price for French-fries? How much profit would Wendy's make if they sold French-fries at this price? (b) What is Wendy's profit-maximizing price for Frostys? How much profit would Wendy's make if they sold Frostys at this price? (c) What is Wendy's profit-maximizing bundle price for French-fries and Frostys? How much profit would Wendy's make if they sold French-fries and Frostys in a bundle? (d) Based on the information in parts (a), (b), and (c), should Wendy's sell French-fries and Frostys in a bundle? (e) Which situation above (bundled goods or unbundled goods) would yield the most consumer surplus for Fran? Which situation above would yield the most consumer surplus for Dell? BIUA-AT X X E 12pt Paragraph fr