Use the Following to Answer Questions

question 276

Multiple Choice

Use the following to answer questions:
-(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. Assume that costs are constant in each interval; that is, the variable cost of mowing 1 through 10 lawns is $100. His only 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:

Walking Epidural

An epidural anesthesia technique used during labor that provides pain relief while allowing the woman to maintain movement and sensation in her legs.

Medicated Delivery

The administration of medication during childbirth to alleviate pain or facilitate the birthing process.

Anesthesia Block

A medical technique used to temporarily block sensation in a specific area of the body during surgical procedures.

Narcotic Injection

A method of administering drugs that primarily have a sedative, pain-relieving effect, typically used for medicinal purposes but may be abused.