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

question 283

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 profit at the profit-maximizing output?
A.-$10
B.-$300
C.$300
D.-$1,000

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