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

question 109

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.The table shows his variable costs for lawn-mowing and the number of lawns mowed.His only fixed cost is $1,000 for the mower.His variable costs include fuel, his time, and mower parts.He calculates the variable costs as shown in the table.What is Alex's break-even price?
A.$100.00
B.$10.00
C.$50.00
D.$27.50

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Definitions:

High Risk

Refers to investments or financial decisions that carry a high potential for loss in conjunction with the possibility of generating significant returns.

Standard Deviation

A statistical measurement that quantifies the variation or dispersion of a set of data points from its mean, commonly used to gauge volatility in finance.

Diversified Portfolio

An investment strategy that spreads investments across various asset classes to reduce risk and increase the potential for returns.

Stand-Alone Basis

Evaluating or considering something independently from other entities or factors, often used in financial analysis or investment decision making.