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    Principles of Economics
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    Exam 7: Consumers, producers, and the Efficiency of Markets
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    Kristi and Rebecca Sell Lemonade on the Corner
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Kristi and Rebecca Sell Lemonade on the Corner

Question 59

Question 59

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,and their producer surplus for that day amounts to $15.20.Kristi and Rebecca sold each cup for


A) 15 cents.
B) 30 cents.
C) 45 cents.
D) 55 cents.

Correct Answer:

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