Use the Following to Answer Question

question 103

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 profit at the profit-maximizing output?

• A)$3,500
• B)-$300
• C)$700
• D)$1,700

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Definitions:

Physician

A health care professional who practices medicine, tasked with diagnosing and treating illnesses, diseases, and injuries.

Abdomen

The part of the body that lies between the chest and pelvis, containing most of the tubular organs of the digestive system, as well as the liver, kidneys, and spleen.

Anesthesia

A medical treatment that involves the use of drugs to prevent pain during surgery, producing a state of unconsciousness or numbness.

Delivery

Delivery refers to the process of giving birth to a baby, marking the end of pregnancy and the transition of the fetus from the uterus to the external environment.