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

question 62

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 cost at the profit-maximizing output?
A.$3,500
B.$2,800
C.$2,100
D.$1,500

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Definitions:

Anthony Giddens

A prominent British sociologist known for his theory of structuration and his holistic view of modern societies.

Institutions

Structures or mechanisms of social order and cooperation governing the behavior of a set of individuals within a given community.

Critical Race Theory

A theoretical framework that suggests race is a social construct designed to maintain the interests of the white majority in societal structures.

Historical Racism

The systemic and institutionalized discrimination and prejudice that has occurred historically based on race, affecting the present social and economic disparities.