Use the Following to Answer Question

question 188

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 profit at the profit-maximizing output?

• A)$10
• B)$2,400
• C)$300
• D)$2,100

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Definitions:

Coordinating

The process of organizing and aligning the activities, efforts, and resources of a group or team to achieve a common goal.

Complex

In psychology, a complex is a core pattern of emotions, memories, perceptions, and wishes organized around a common theme, affecting an individual's attitude and behavior.

Work Activities

Tasks, duties, or responsibilities that are carried out by individuals or teams as part of their professional roles.

Departmentalization

The method by which an organization divides its operations into distinct areas and tasks based on function, product, geography, or process.