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

question 207

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 $40, how much is Alex's total cost at the profit-maximizing output?
A.$1,000
B.$1,200
C.$500
D.$1,500

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Definitions:

Lymphocytes

A type of white blood cell involved in the immune response, playing a key role in the body's defense against pathogens.

White Blood Cells

White blood cells, or leukocytes, are components of the blood that protect the body against both infectious disease and foreign invaders.

Aged Red Blood Cells

Older erythrocytes that have been circulating in the bloodstream for 100 to 120 days and are typically removed by the spleen.

Spleen

An organ in vertebrates, part of the lymphatic system, involved in producing and removing blood cells and forming part of the immune response.