After Chad's moving business goes bankrupt, Chad decides to sell squirrel pies from a pushcart on High street. He is the only supplier of this delicacy on campus. His costs are zero due to abundance of raw materials. (a) The inverse demand function for squirrel pies is py 100 y, where price p is measured in cents and y measures the number of pies. Plot the inverse demand curve and the marginal revenue curve on the graph. (b) What level of output will maximize Chad's profit? (c) How much will Chad charge per pie? (d) Chad hires one of the graduates of the business school (marketing department) to conduct a more thorough analysis of the market for squirrel pies. He gets a more precise estimate of the market demand: py 75 y 2 . Plot the inverse demand and an associated MR curve on your original graph. (e) What level of output will maximize Chad's profit given the new information? (f) How much will Chad charge per pie given the new information