Question 1 Firma A, B, and C were all selling 1.100 cup of coffee per day a $3.50 per cup, and wanted to experiment with pricing The table below shows the change in sales as a result of their new prices they made no other changes. Complete the table by calculating the revenue cost of goods sold ICOGS and gross profit for each fum Revenue COGS O $0.35/Cup Gross Profit Baseline FirmA Firm B Firm C Price per Cup Cups Sold $3.50 1100 $3.00 1240 $4.00 930 $2.50 1525 Question 2 Coffee prices are going up and Firm B is trying to decide whether to pass on a cost increase of 10 per cup to $0.45/apl. raising the price from $4.00 to $4.10 reduces demand by 21. should they do it? What if demand goes down by 452 Price per Cup Cups Sold COGS $0.45/Cup Gross Profit 22 Fm B No Changel 1100 23 Fm B 125 drop $4.10 24 Fm B 4 drop) $4.10 Should they do it if the demand goes down 20 Yes or No only Should they do it if the demand goes down 45