Directions for the Lemonade Stand Game
"Have you ever wondered if you would be good at running your own business? Well here is your chance! You now have your very own lemonade stand and 30 days to try and make some money. Here are a few things you need to know before you start.

After you click PLAY, you are shown a room with a window and a T.V. This is where you find out what kind of weather your day will have. The weather will change every day. Some days it will rain. Do you think people will want to stop and buy lemonade in the rain? Probably not, so you might not want to make any lemonade at all on those days. Some days it will be hot and sunny and on those days, you will want to make plenty of lemonade to sell.

Once you know what the weather is like for the day, look next to where it says ASSETS. Asset means how much money you have right now. You will spend some of this money on making lemonade and signs for your stand so the amount will change every day.

Under the ASSETS is your COST PER GLASS. This is how much it will cost you to make one glass of lemonade. The COST PER GLASS will change everyday so pay attention!

What you have to do now is decide how many advertising signs to make. Each sign costs 25¢ and this is subtracted from your ASSET amount. Fill in the first box with the number of signs you want to make.

Next you will decide how much to charge for each glass of lemonade. Be careful! People won’t buy your lemonade if you charge too much. But remember, you must charge more then what it costs to make each glass to make any money at all. Fill in the second box with the amount you want to charge.

Finally, decide how many glasses of lemonade to make for the day. Remember how much the COST PER GLASS is before you spend too much. After you have filled in the 3 boxes, click on GO!

Did your ASSETS go up? If so, you made money!! At the end of the day you will get a statement that tells you how much you charged per glass, how many glasses you made, and how many you sold. It also adds up the expenses, which is the money you spent on signs and making lemonade. Your NET PROFIT is how much money you made that day. At the top right of your screen it will tell you what day of the month it is.

Remember you have 30 days of following the steps above to try and make a bunch of money! GOOD LUCK!"

Play the "Lemonade Stand" game until you can consistently make a profit then answer the questions below.

1. What factors influence how much lemonade you sell?
2. Is it easy to predict how many glasses of lemonade you can sell? Why or why not?
3. If you incorrectly estimated how many glasses of lemonade to produce, what were the consequences? How did this experience affect your willingness to produce glasses of lemonade?
4. How does the price you charged for your lemonade affect the number of sales? Is price, on its own, enough to forecast sales?
5. Generally why do you think sellers make goods and services for sale?
   from http://www.abs.gov.au/websitedbs/