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    Exam 7: Consumers, Producers, and the Efficiency of Markets
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    Mike and Sarah Sell Lemonade on the Corner for $2
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Mike and Sarah Sell Lemonade on the Corner for $2

Question 58

Question 58

Multiple Choice

Mike and Sarah sell lemonade on the corner for $2.10 per cup. It costs them $0.10 to make each cup. On a certain day, their producer surplus is $40. How many cups did Mike and Sarah sell?


A) 10
B) 40
C) 2
D) 20

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