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

question 286

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 revenue at the profit-maximizing output?
A.$1,000
B.$1,200
C.$500
D.$1,500

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Definitions:

Strategic Alliances

Partnerships between two or more companies to pursue a set of agreed-upon objectives while remaining independent organizations.

Independent Achievement

Accomplishments or successes achieved by a person relying on their own efforts and skills without the help of others.

Multinational Corporations

Large companies that operate in multiple countries, beyond their original or home base, often involved in various businesses.

Domestic Labour Force

The total number of people within a country's boundaries who are available for work, including both the employed and those seeking employment.