posted by Econ on .
I am having trouble solving this MC.
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
Use algebra. total cost = TC = .05*50.
Surplus = P*50 - TC = 12.50 Solve for P