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Homework answers / question archive / Kristi and Rebecca sell lemonade on the corner
Kristi and Rebecca sell lemonade on the corner. It costs them 7 cents to make each cup. On a certain day, they sell 40 cups, and their producer surplus for that day amounts to $15.20. Kristi and Rebecca sold each cup for:
a. 31 cents.
b. 38 cents.
c. 45 cents.
d. 55 cents.
The answer is c).
Producer surplus is calculated as follows
