(Table: Variable Costs for Lawns) Look at the Table Variable

question 272

Essay

(Table: Variable Costs for Lawns) Look at the table Variable Costs for Lawns.During the summer Alex runs a lawn-mowing service, and lawn-mowing is a perfectly competitive industry made up of 100 identical firms.The table shows his variable costs for lawn-mowing and the number of lawns mowed.Alex's 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 $60, how much is Alex's total cost at the profit-maximizing output?
A.$60
B.$1,100
C.$2,400
D.$2,100

---

Definitions:

Intelligence Quotient

A measure of a person's cognitive ability in relation to their age group, usually represented as a numerical score.

Intellectual Quandary

A state of confusion or uncertainty, often involving a complex or perplexing matter that requires deep intellectual effort to resolve.

Primary Mental Abilities

Basic intellectual skills that include numerical and verbal abilities, spatial relations, memory, and others, as identified by psychologist L.L. Thurstone.

Thurstone

A psychologist known for his contributions to psychometrics and the theory of intelligence, including the development of multiple-factor analysis.