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

question 40

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 per unit at the profit-maximizing output?
A.-$10.00
B.$10.00
C.$23.33
D.-$20.00

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Definitions:

Cognitive Processes

Changes in an individual’s thinking, intelligence, and language skills.

Socioemotional

Relating to the interplay between social processes and emotional experiences.

Beginning Language

The initial stages of language development in children, characterized by the acquisition of basic vocabulary, syntax, and the ability to use words to communicate.

Coordination

The ability to use different parts of the body together smoothly and efficiently or the organization of different elements in a system to work together effectively.