What is your fixed cost of doing business

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You're thinking about setting up a lemonade stand. The stand itself cost $240. The ingredients for each cup of lemonade cost $0.60. a. What is your fixed cost of doing business? What is your variable cost per cup? Construct a table showing your total cost, average total cost, and marginal cost for output levels varying from 0 to 10 gallons. (Hint : there are 12 cups in a gallon) Draw the three cost curves.

Reference no: EM131051059

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