Friday

November 28, 2014

November 28, 2014

Posted by **Econ** on Tuesday, April 17, 2007 at 1:13am.

Marylyn and Rebecca sell lemonade on the corner. Each glass costs them $0.05 to make. At the end of the day, they have sold 50 glasses and received a total producer surplus of $12.50. That would mean that Marylyn and Rebecca sold each glass for

a. $0.15.

b. $0.20.

c. $0.25.

d. $0.30.

Use algebra. total cost = TC = .05*50.

Surplus = P*50 - TC = 12.50 Solve for P

- Econ MC -
**Martin**, Friday, March 28, 2008 at 11:58pmd. $0.30

**Answer this Question**

**Related Questions**

MATH - Carolyn and Kim are selling lemonade this summer. It costs $0.10...

Math - Carolyn and Kim are selling lemonade this summer. It costs 10 cents to ...

Math - Carolyn and Kim are selling lemonade this summer. It costs 10 cents to ...

MATH - Carolyn and Kim are selling lemonade this summer. It costs $0.10...

Math (ASAP) - Carolyn and Kim are selling lemonade this summer. *It ...

algebra - what size paper cup shoud you use to make the most money? How much ...

Algebra 1 Word Problem (Reiny) - How am I supposed to solve this? "Sandy makes $...

Algebra 1 Word Problem (Reiny) - How am I supposed to solve and construct a ...

math - A corner store sells two kinds of baked goods: cakes and pies. A cake ...

math - the 6th grade has 5 days to sell tickets to a talent show. The students ...