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d) If James decides to make a total of 51rolls and pies per day and charges different prices as above (that is, P, # P2

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d) If James decides to make a total of 51rolls and pies per day and charges different prices as above (that is, P, # P2 ), how many of rolls and pies each should he make in order to maximize the profit of a particular day? Estimate the increase in maximum profit which results when the total number of rolls and pies per day (51) is increased to 52 note: assume second-order conditions are satisfied]. e) The COVID-19 pandemic saw the lockdown of many cities to reduce the spread of the virus. This unprecedented move can be viewed as a negative demand shock. Explain the impact of the lockdown of the city where James' convenience store is located on the demand functions of rolls and pies (half a page maximum)

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