What is the fixed cost fc of doing business

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You are thinking of setting up a lemonade stand. The stand itself costs $200. The ingredients for each cup of lemomade cost $0.50. You charge $1.00 for each cup of lemonade,

a. What is the fixed cost (FC) of doing business?

b. What will be the total cost (TC), total revenues (TR) and profit (P) for 50 cups of lemonade?

Reference no: EM132246748

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