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

question 192

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 $70, how many lawns will Alex mow?
A.20
B.30
C.40
D.50

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Definitions:

International Marketplace

A global economic environment where goods, services, and financial assets are exchanged between countries.

Social Overhead Capital

Public infrastructure that provides support for the economic activities of a country or region, such as roads, schools, and hospitals.

Education

The process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits through various methods.

Nutrition

The process of providing or obtaining the food necessary for health and growth.