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

question 50

Essay

(Table: Variable Costs for Lots) Look at the table Variable Costs for Lots.During the winter, Alexa runs a snow-clearing service, and snow clearing is a perfectly competitive industry.The table provided shows her variable costs for snow clearing and number of lots cleared.Her only fixed cost is $1,000 for a snowplow.Her variable costs include fuel, her time, and hot coffee.If the price to clear a lot is $60, what is Alexa's profit or loss per unit at the optimal output?
A.$60
B.$42
C.$35
D.$18

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Definitions:

Keyword Method

A mnemonic device that involves using keywords and mental imagery to associate verbal material.

Acrostic

A composition such as a poem or word puzzle where specific letters from each line create a separate word or phrase.

Party

A social gathering of invited guests, typically involving eating, drinking, and entertainment.

Levels of Processing

Refers to a framework in cognitive psychology suggesting that the depth of mental processing affects memory retention, with deeper processing leading to better recall.