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(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 profit per unit at the profit-maximizing output?
A.$7.50
B.$32.50
C.$20.00
D.$10.00
Two-factor Theory
A psychological theory suggesting that emotions are based on physiological arousal and the cognitive labeling of that arousal.
Physiological Arousal
The body's response to external stimuli, resulting in physical changes like increased heart rate, blood pressure, and adrenaline.
Label
A term or phrase used to categorize or describe an individual or concept, often simplifying complex characteristics.
Self-perception Theory
A psychological theory suggesting that people develop their attitudes and feelings by observing their own behavior and concluding what attitudes must have caused it.
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