Use the Following to Answer Question

question 232

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 $30,how many lots should Alexa clear?

• A)50
• B)40
• C)30

---

Definitions:

Religion

A system of beliefs, values, rituals, and worship associated with the veneration of a higher power, supernatural forces, or deities.

Federal Unemployment

Government-provided benefits given to individuals who have lost their jobs, not due to their own fault, to help them financially during their job search.

Social Security Administration

The U.S. government agency responsible for administering social security, a social insurance program consisting of retirement, disability, and survivors' benefits.

NLRB

The National Labor Relations Board, an independent US federal agency charged with enforcing US labor law in relation to collective bargaining and unfair labor practices.