Use the Following to Answer Question

question 332

Multiple Choice

Use the following to answer question:
-(Table: Variable Costs for Lots) Use Table: Variable Costs for Lots.During the winter,Alexa runs a snow-clearing service in a perfectly competitive industry.Assume that costs are constant in each interval;so,for example,the marginal cost of clearing each of the lots from 1 through 10 is $20.Also assume that she can only plow the quantities of the lots given in the table (and not numbers in between) .Her only fixed cost is $1,000 for a snowplow.Her variable costs include fuel,her time,and hot coffee.If the price to clear a lot is $60,how many lots should Alexa clear?

• A)50
• B)40
• C)30
• D)20

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Definitions:

Axis Powers

The coalition of countries led by Germany, Italy, and Japan that opposed the Allied Forces during World War II.

Japan

Japan is an island country located in East Asia, known for its rich culture, technological advancements, and ancient traditions.

Anschluss

The annexation of Austria into Nazi Germany in March 1938.

Treaty of Versailles

The 1919 peace treaty that ended World War I, imposing heavy reparations and territorial losses on Germany.