1. A producer is ______.
A. anyone who buys a good or a service
B. money you make
C. anyone who makes a good or does a service
2. A profit is ______.
A. any money you make from a business
B. money you lose
C. money you pay for supplies
3. A consumer is ______.
A. anyone who make a good or does a service
B. anyone who buys a good or a service
C. anyone who works for you
4. A loss is____.
A. money that you make.
B. money that you have saved since you were 5
C. money that you lose
5. Johnny opened a lemonade stand. He had 5 dollars to begin with. He paid 2 dollars for lemons, 2 dollars for sugar, and he bought a pitcher for 1 dollar. He made 6 dollars profit and 1 dollar loss. How much money did Johnny make?
6. Johnny opened his lemonade stand again after he spent all of his money. This time he made 10 dollars profit. Then he lost 5 dollars. He bet 2 dollars that his George would beat Amanda in arm wrestling. George lost. Johnny therefore lost 2 dollars more. How much money does Johnny have?
Try running your own lemonade stand. See how much money you can make. GOOD LUCK!!!