Lemonade for Sale: How Much To Supply?
Source: Bessie Moore Center for Economic Education | Type: lesson/chapter
Chapter 7, Entrepreneurship: Arkansas Style. Students use the proverbial lemonade stand idea to learn about supply and quantity supplied by running a lemonade business. They create a schedule and graph while learning about costs of production and the factors that affect the amount supplied of a product. As producers they make decisions about which item to produce given costs of production and the price of the goods they can produce.