You are organizing a lemonade stand for a club's fund-raising event. You have recruited volunteers to work in the booth. The club will provide: tables, tableclothes, and two large signs. You have paid $150 to rent the space for your booth. You have ordered 1,000 lemons for $200enough for 1,000 cups of lemonade, which you will sell for $1.00 per cup. The vendor can deliver more as you need them, but you can't return those you've already accepted. You have purchased 2,000 paper cups for $100. Miscellaneous items cost an additional $100.

a. What are the variable costs in this enterprise? The fixed costs?

b. What will be your break-even point if you do not order additional lemons?

c. At what point will you maximize profits?

d. How does this fund-raising event differ from a for-profit business?