Use the Following to Answer Question

question 332

Multiple Choice

Use the following to answer question:
-(Table: Variable Costs for Lots) Use Table: Variable Costs for Lots.During the winter,Alexa runs a snow-clearing service in a perfectly competitive industry.Assume that costs are constant in each interval;so,for example,the marginal cost of clearing each of the lots from 1 through 10 is $20.Also assume that she can only plow the quantities of the lots given in the table (and not numbers in between) .Her only fixed cost is $1,000 for a snowplow.Her variable costs include fuel,her time,and hot coffee.If the price to clear a lot is $60,how many lots should Alexa clear?

• A)50
• B)40
• C)30
• D)20

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Definitions:

Selector Switch

A switch that allows the user to choose between two or more positions or functions, often used in electronic or electrical devices.

Contacts

Contacts typically refer to electrically conductive components that open or close circuits in electrical devices, allowing or interrupting the flow of electricity.

Proximity Switch

An input device that senses the presence or absence of a target without physical contact.

Strain Gages

Sensors used for measuring the amount of deformation or strain in an object by changing their electrical resistance when stretched or compressed.