Scenario 12-7 Wanda Owns a Lemonade Stand.She Produces Lemonade Using Five Inputs

question 476

Multiple Choice

Scenario 12-7
Wanda owns a lemonade stand.She produces lemonade using five inputs: water,sugar,lemons,paper cups,and labor.Her costs per glass are as follows: $0.01 for water,$0.02 for sugar,$0.03 for lemons,$0.02 for cups,and $0.10 for the opportunity cost of her labor.She can sell 300 glasses for $0.50 each.
-Refer to Scenario 12-7.What are Wanda's total economic profits?

• A) $150
• B) $126
• C) $96
• D) $54

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Definitions:

Discrimination

The unjust or prejudicial treatment of different categories of people, especially based on race, age, sex, or disability.

Executive Order 8802

Executive Order 8802 was issued by President Franklin D. Roosevelt in 1941 to prohibit racial discrimination in the national defense industry.

Employment Discrimination

Unfair treatment of employees or job applicants based on race, gender, age, religion, national origin, disability, or other protected characteristics rather than job performance or qualifications.

Defense Industries

Sector of the economy dedicated to producing weapons, military technology, and supplies for armed forces.