Metadata
Business & Economics Grade 6-8 Apply Medium-
Subject
Business & Economics
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Education level
Grade 6-8
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Cognitive goals
Apply
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Difficulty estimate
Medium
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Tags
pricing, profit, demand, costs, decision-making
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Number of questions
5
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Created on
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Generation source
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License
CC0 Public domain
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Prompt
Assess students' ability to set a price for a lemonade stand using given production costs (fixed and per-cup), expected demand at different prices, and competitor prices; require calculation of revenue, total cost, and profit for scenarios, and a justified pricing decision that considers trade-offs between price and demand.
Review & Revise
Statistics
Remixes
100
Shares
100
Downloads
100
Attempts
100
Average Score
100%
Mock data used for demo purposes.