Use the Following to Answer Question

question 33

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 cost at the profit-maximizing output?

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

---

Definitions:

Pathway

A sequence of actions or processes that lead to a specific outcome or result, often used to describe biochemical reactions or signal transduction in biology.

Inhibitory Postsynaptic Potential

A type of synaptic potential that makes a postsynaptic neuron less likely to generate an action potential, effectively decreasing neuronal activity.

Temporal Summation

Summation of the local potential that results when two or more action potentials arrive at a single synapse in rapid succession.

Action Potentials

Electrical impulses that travel along the membrane of a neuron signaling the cell to perform its function.