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:

Investigative Report

A detailed report compiled as the result of a systematic, in-depth investigation or research into a specific issue, situation, or allegation.

Nationwide Consumer

Nationwide consumer refers to an individual who purchases or uses goods and services across an entire country, not limited to a specific area.

Credit Card Holder

An individual or entity that owns and utilizes a credit card for financial transactions.

Limited Liability

A legal status limiting an individual's loss in a business venture to the amount invested, protecting personal assets from the debts and liabilities of the business.