Business, 20.02.2020 19:01 krystalhurst97

Wanda owns a lemonade stand. She produces lemonade using five inputs: water, sugar, lemons, paper cups, and labour. 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. 1. What are Wanda's explicit costs per glass? 2. What are Wanda's implicit costs per glass? 3. What are Wanda's total economic costs per glass? 4. What are Wanda's total accounting profits? 5. What are Wanda's total economic profits?

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 03:30, skylar1315

Used cars usually have options: higher depreciation rate than new cars lower financing costs than new cars lower insurance premiums than new cars lower maintenance costs than new cars

Answers: 1

continue

Business, 22.06.2019 16:00, yesenia1162

What is used by accountant to analyze transactions ?

Answers: 2

continue

Business, 23.06.2019 00:50, kellimcollier8294

Mr. drucker uses a periodic review system to manage the inventory in his dry goods store. he likes to maintain 15 sacks of sugar on his shelves based on the annual demand figure of 225 sacks. it costs $2 to place an order for sugar and costs $1 to hold a sack in inventory for a year. mr. drucker checks inventory one day and notes that he is down to 9 sacks; how much should he order?

Answers: 1

continue

Business, 23.06.2019 02:30, dragon2565

Suppose a starbucks tall latte cost $4.00 in the united states, 5.00 euros in the euro area and $2.50 australian dollars in australia. nominal exchange rates are .80 euros per dollar and 1.4 australian dollars per u. s. dollar. where does purchasing power parity hold? a. both the euro area and australia. b. neither the euro area or australia. c. the euro area but not australia. d. australia but not the euro area.

Answers: 1

continue

You know the right answer?

Wanda owns a lemonade stand. She produces lemonade using five inputs: water, sugar, lemons, paper cu...