El Nio Burrito started to operate a food truck last month with a single menu, Primera Burrito. As the name suggests, it is quite expensive, priced at $12.99. The costs are as follows: Tortilla: $0.12/burrito Gas: $200/month Two employee wages: $6000/month Meat: $3.50/burrito Cheese: $0.63/burrito Guacamole: $1.12/burrito Cooking equipment lease: $1300/month

(2a) Last month, El Nio Burrito sold, on average, 50 burritos a day. Compute the total prot, return (i.e., margin), and break-even. Assume that a month is 30 days. (2b) Looking at a long line of people around the truck, Juan Martin Del Piero, an owner of the food truck, thought that he could have made more prots. He thus decided to test 7 different price points by charging a different price on different days, and tracking sales. Data from the test are as follows. (1) Draw a demand curve with R-squared and equation, (2) Determine the prot maximizing price. Price Burritos Sold 9.99 1729 10.99 1675 11.99 1587 12.99 1500 13.99 1367 14.99 1212 15.99 1056 16.99 879