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

question 46

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 much is Alex's total revenue at the profit-maximizing output?
A.$3,500
B.$2,800
C.$2,100
D.$1,800

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Definitions:

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Protista

A diverse kingdom of mostly unicellular organisms that are not plants, animals, or fungi, including algae, protozoa, and slime molds.

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The complete set of genes or genetic material present in a cell or organism, providing the biological blueprint for an organism’s structure and function.

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