Kristi and Rebecca Sell Lemonade on the Corner

question 54

Multiple Choice

Kristi and Rebecca sell lemonade on the corner.It costs them 7 cents to make each cup.On a certain day,they sell 40 cups.Their producer surplus for that day amounts to $19.20.Kristi & Rebecca sold each cup for

• A)31 cents.
• B)38 cents.
• C)45 cents.
• D)55 cents.

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Definitions:

Inventory Requirements

The minimum amount of stock that a company needs to have on hand to meet demand and continue operations efficiently.

CFO

The Chief Financial Officer, an executive responsible for managing the financial actions of a company.

Corporate Strategies

Plans or methods employed by a company to achieve its business goals and secure a competitive position in the market.

Corporate Purpose

The stated, overarching goals and intentions of a corporation, guiding its decisions and operations.