Answer to Question #21134 in Microeconomics for Nooria iftikhar

Question #21134
you want to setting up a lemonades stand. the stand itself costs 200 dollar. the ingredients for each cup of lemonade cost 0.50 dollar.
a. what is your fixed cost of doing business? what is your variable cost per cup?
b. construct a table showing your total cost, average total cost and marginal cost for output levels varying from 0 to 10 gallons ( there are 16 cups in a gallon ). draw yhe three cost curves.
0
Expert's answer

Answer in progress...

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS