Hobbes sells lemonade at lemonade stand

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Question

Calvin buys newspapers and delivers them (by bike) to his customers' houses while Hobbes sells lemonade at his lemonade stand. One day they compare notes and find that Calvin, after paying for the newspapers and the maintenance on his bike, clears $5 per hour while Hobbes, after paying for the lemonade ingredients and upkeep of his lemonade stand, clears $4.50 per hour. The newspaper and lemonade businesses are the only possible trades for Calvin and Hobbes.

Reference no: EM133314000

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