Lemonade Stand Game
I’m posting one of my ultimate favourite games of all time and it has to do with Econs! It’s really frustrating, but really really fun! I think some of you may have played this before!The Lemonade Stand Game.
It’s usually used for teaching little kids Maths, and it involves some trial & error but it’s actually pretty complex. You have to gauge customer demand of your lemonade based on a) temperature, b) weather, c) your lemonade, etc.
It’s also pretty frustrating when you go bankrupt. When you price your lemonade too low to increase demand (which is elastic) you make subnormal profit and you go bankrupt faster. I have yet to beat this game yet!
Hope you have some fun and relieve some stress!
- Lim Yu
posted by Fishie @ 8:51 PM
1 Comments:
Hey Fishie! I beat the game on my first try =ppp
Total Income: $194.48
Total Expenses: $193.03
Liquidated Inventory Value: $2.60
Net Profit/Loss: $4.05
=DDD Not very good actually, but I sorta figured out the trick =p
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