Use the Following to Answer Question

question 321

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 $70,how much is Alex's total revenue at the profit-maximizing output?

• A)$3,500
• B)$2,800
• C)$2,100
• D)$1,800

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Definitions:

Digital Literacy

The ability to find, evaluate, utilize, share, and create content using information technologies and the internet.

Cultural Literacy

The knowledge of and ability to understand and participate in the cultural, especially the references and ideas prevalent in a society.

Belief Systems

Complex sets of principles or tenets that form the basis of an individual's, group's, or society's understanding, behaviors, and interpreting of the world.

Electronic Methods

Techniques that involve the use of electronic devices or systems.