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    Principles of Microeconomics
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    Exam 7: Consumers, Producers, and the Efficiency of Markets.
  5. Question
    Kristi and Rebecca Sell Lemonade on the Corner
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Kristi and Rebecca Sell Lemonade on the Corner

Question 296

Question 296

Multiple Choice

Kristi and Rebecca sell lemonade on the corner.It costs them 9 cents to make each cup.On a certain day,they sell 40 cups,and their producer surplus for that day amounts to $12.40.Kristi and Rebecca sold each cup for


A) 36 cents.
B) 40 cents.
C) 45 cents.
D) 52 cents.

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