Breakeven Maxwell's Lemonade stand charges $5.00 per glass of lemonade. It costs Maxwell's $2.00 in materials to make a cup of lemonade, plus a weekly licensing fee of $90.00. 1. What is Maxwell's contribution per glass of lemonade? 2. How many glasses of lemonade does Maxwell's need to sell per week to break even? 3. For the past year, Maxwell has averaged 50 glasses of lemonade per week. How much gross profit is he making? 4. A competitor in Maxwell's market just started offering lemonade service for $4.50 a glass. Maxwell is feeling pressure to lower his price to $4.50 to stay competitive. If he lowers his price to $4.50, and his average unit sales continue to be 50 glasses per week, what will his gross profit be? 5. How many lemonades per week would Maxwell need to average to be break even at $4.50 per glass of lemonade