Refer to the information provided in Figure 5.2 below to answer the question(s) that follow.?Figure 5.2Refer to Figure 5.2. If the price of a hamburger increases from $6 to $8, the price elasticity of demand equals ________. Use the midpoint formula.

Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed cost of $25,000, average variable cost for 1,000 service calls is $45, and marginal revenue is $75. Juan's makes 1,000 service calls a month

What is his economic profit? A) $5,000 B) $25,000 C) $45,000 D) $75,000 E) $50,000

If Steve's Apple Orchard, Inc is a perfectly competitive firm, the demand for Steve's apples has

A) zero elasticity. B) unitary elasticity. C) elasticity equal to the price of apples. D) infinite elasticity.