Use the Following to Answer Question

question 171

Multiple Choice

Use the following to answer question:
-(Table: Variable Costs for Lawns) Use Table: Variable Costs for Lawns.During the summer,Alex runs a lawn-mowing service,and lawn-mowing is a perfectly competitive industry.Assume that costs are constant in each interval;so,for example,the marginal cost of mowing each of the lawns from 1 through 10 is $10.Also assume that he can only mow the quantities of lawn given in the table (and not numbers in between) .His only fixed cost is $1,000 for the mower.His variable costs include fuel,his time,and mower parts.If the price for mowing a lawn is $60,how much is Alex's total revenue at the profit-maximizing output?

• A)$60
• B)$1,100
• C)$2,400
• D)$2,100

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Definitions:

Leadership Behavior

The actions or conduct demonstrated by a leader, influencing the group's activities and direction.

Follower Attitudes

The perceptions, feelings, and behavioral tendencies that individuals who are led by others hold towards their leaders, work, and organizational environment.

Managing Diversity

The practice of recognizing, valuing, and effectively leveraging different cultural, ethnic, gender, and other differences in an organization to achieve a competitive advantage.

Cultural Values

The deeply ingrained principles and standards that influence behaviors and beliefs within a specific community, society, or organization.