Scenario 12-7
Wanda owns a lemonade stand.She produces lemonade using five inputs: water,sugar,lemons,paper cups,and labor.Her costs per glass are as follows: $0.01 for water,$0.02 for sugar,$0.03 for lemons,$0.02 for cups,and $0.10 for the opportunity cost of her labor.She can sell 300 glasses for $0.50 each.
-Refer to Scenario 12-7.What are Wanda's total accounting profits?
A) $150
B) $126
C) $96
D) $24

Question

Quizplus · Accepted Answer

The Answer of Scenario 12-7
Wanda owns a lemonade stand.She produces lemonade using five inputs: water,sugar,lemons,paper cups,and labor.Her costs per glass are as follows: $0.01 for water,$0.02 for sugar,$0.03 for lemons,$0.02 for cups,and $0.10 for the opportunity cost of her labor.She can sell 300 glasses for $0.50 each.
-Refer to Scenario 12-7.What are Wanda's total accounting profits?
A) $150
B) $126
C) $96
D) $24

Scenario 12-7 Wanda Owns a Lemonade Stand.She Produces Lemonade Using Five Inputs