Task 1 (Approx. 20 minutes) Betty runs a burger joint for tourists, kilometers from the nearest town. She has a monopoly and faces the demand schedule as shown in Table 1 for burgers. Assume Betty's average cost and marginal cost are constant at $2 a meal. Table 1 - Betty's Burgers - Demand Schedule Quantity demanded Price = (burgers per AR ($) TR ($) MR MC TC Profit week 160 1 140 2 120 3 100 80 5 60 6 40 20 8 9