Use the Following to Answer Question

question 130

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,what is Alexa's profit or loss at the optimal output?

• A)$3,000
• B)$1,100
• C)$900
• D)$3,850

Distinguish between types of economic changes, including technological advancements and their impact on productivity.

Analyze the role of economic policies, immigration, and regulatory changes in economic growth.

Understand the concepts of gross savings and productivity growth rates in different periods.

Evaluate the effects of immigration on economic growth and productivity.

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Definitions:

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Artificial Estrogen

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Medications prescribed to alleviate symptoms of depression by adjusting chemical imbalances in the brain.