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

question 272

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 $60, how much is Alex's total cost at the profit-maximizing output?
A.$60
B.$1,100
C.$2,400
D.$2,100

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Definitions:

Face-To-Face Interaction

Direct communication between two or more people, taking place in person.

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Outperform

To do better than others or exceed expectations in a particular task or performance metric.