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You are thinking about setting up a lemonade stand The stand itself costs 200 The ingredients for each cup costs 0.50 What is you fixed cost of running the business?
Wiki User
∙ 14y ago
Fixed costs include all costs that are not subject to change for producing at a higher output. In this question the $200 spent to make the lemonade stand is a fixed cost because its cost does not change in relation to the number of cups sold. On the other hand, the cups represent variable cost, because for every cup sold there is an addition $0.50 charged to the stand, that is to say that cup costs depends on how many cups are produced and sold.
Wiki User
∙ 14y ago
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