Economics
3.6(C)Price, Cost, and Profit
Explain how the cost of production and selling price affect profits.
Part of The student understands the concept of the free enterprise system and how businesses operate in the U.S. free enterprise system
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Intro
Lemonade Stand Profits
Today you will learn how the cost of production and the selling price affect profits. Picture a lemonade stand in your front yard on a hot Texas day. You want to make money. Let's find out how much you spend, how much you charge, and how much you keep.
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