44 45 Problem 2 46 Alice Waters (age 9) runs a lemonade stand in the summer in Dundas, Ontario. Her daily fixed costs are 47 $20. 48 Her variable costs are $2 per glass of ice-cold, refreshing, lemonade. Alice sells an average of 100 49 glasses per day. 50 Required: 51 A. What price would Alice have to charge per glass, in order to break-even per day? 52 B. What price would Alice have to charge per glass, in order to generate profit of $20 per day? 53 C. Refer to the information about Alice, but now assume that Alice wants to charge $3 per glass of 54 lemonade, and at this price, Alice can sell 110 glasses of lemonade daily. What would the variable cost 55 per glass have to be, in order to generate profits of $200 per day? 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 70 79 80