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4. Lara is the managing owner of the The '/2 Pound Char-burger kiosk at Metro Airport. Her menu is limited. She sells burgers, fries, and
4. Lara is the managing owner of the The '/2 Pound Char-burger kiosk at Metro Airport. Her menu is limited. She sells burgers, fries, and drinks. Last week, she served 1,000 customers. Most of her guests order at least a burger and a beverage. Some order a burger, fries, and beverage, while still others order only fries and a beverage. Sales data from last week are presented in the following table. "The Char-burger" 1,000 Customers Served Selling Price Item Cont. Margin Total Cont. Margin Item # Sold Item Cost Burger 822 $2.99 $1.45 $1.54 Fries 640 $1.49 $0.44 $1.05 Drink 972 $1.19 $0.22 $0.97 Total Item Contribution Margin (Item Cont. Margin) is defined as: Selling price Item cost = Item contribution margin. Given the data presented, what is the lowest price at which Lara could sell a burger, fries, and a drink combination and still equal the per customer served contribution margin she currently achieves? Do you think she could sell the bundle for more? Explain your
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