Question: Lisa, a 1 3 year - old, is thinking about opening up a lemonade stand this Saturday. If she does, she is planning on going
Lisa, a yearold, is thinking about opening up a lemonade stand this Saturday. If she does, she is planning on going to Billy Bobs Lemonade Stand rentals and renting everything she needs for $table sign, canopy, pitcher, cooler, empty cigar box, etc Billy Bobs even supplies you with cups and lemonade concentrate you need. She expects to make $ in revenue for hours of work. If she doesnt open the lemonade stand she will babysit for the Smith family for the same amount of time at a rate $ an hour.Make sure to put in $ signs when answeringa What is the total benefit Lisa expects from opening up the lemonade stand? b What is the total cost opportunity cost of opening up the Lemonade stand? c Accounting question: Can she open up the stand? d Economic question: Should she open the stand? e How much profit does she expect from the lemonade stand use a or sign
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