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

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Definitions:

McCarren-Walter Act

A United States immigration law enacted in 1952, which revised and maintained the national origins quota system but also allowed for some relaxation of immigration restrictions.

American Citizenship

The status of being a citizen of the United States, entailing specific rights, duties, and privileges, including the right to vote and the right to live and work in the country.

Immigration Policy

Immigration policy encompasses laws, regulations, and procedures that govern who can enter a country, how long they can stay, and under what conditions they may reside, including provisions for seeking asylum, work, or permanent residency.

Quota-Based System

An immigration policy or practice that sets a fixed limit on the number of individuals who can migrate to a country from specific countries or regions.