Bobby decides to sell lemonade on a hot summer day. if bobby sells 20 glasses of lemonade for $0.20 per cup, and his average total cost is $0.17, what are bobby's economic profits for the day? a. $0.60 b. $0.00 c. $0.20 d. $0.80

Bobby's economic profits for the day is $0.60.

Step-by-step explanation:

Bobby sells 20 glasses of lemonade for $0.20 per cup.

Amount earned = dollars

The average total cost is $0.17.

So, difference in selling amount and average = dollars

Therefore, Bobby's economic profits for the day is = dollars

Hence, the answer is $0.60.

answer by yourhope:

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