Use the Following to Answer Question

question 41

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 $40,how much is Alex's total revenue at the profit-maximizing output?

• A)$1,000
• B)$1,200
• C)$500
• D)$1,500

Understand the characteristic features of tropical rain forests, including soil quality, stratification, diversity, and rapid decomposition.

Recognize and explain adaptations and characteristics of plant and animal life in different biomes.

Describe the effects of climatic and environmental changes on biomes, including mountain biomes and their role as sanctuaries.

Analyze the reasons for the biodiversity differences among various forest types, including coniferous, deciduous, and tropical rain forests.

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Definitions:

Paid-In Capital

The total amount of money shareholders have invested in a company in exchange for equity, including shares at par value and additional paid-in capital.

Treasury Stock

Treasury stock refers to shares that were issued and subsequently reacquired by the issuing company, reducing the amount of outstanding stock on the open market.

Reissuance

The process of re-releasing previously issued shares back into the market, often after they've been bought back by the company.

Treasury Stock

Shares that were once issued and outstanding but were later bought back by the company, reducing the amount of outstanding stock on the open market.