Use the Following to Answer Questions

question 249

Multiple Choice

Use the following to answer questions:
-(Table: Variable Costs for Lots) Look at the table Variable Costs for Lots. During the winter, Alexa runs a snow-clearing service in a perfectly competitive industry. Assume that costs are constant in each interval; that is, the variable cost of clearing anywhere from 1 through 10 lots is $200. Her only fixed cost is $1,000 for a snowplow. Her variable costs include fuel, her time, and hot coffee. If the price per cleared lot is $14, how many lots should Alexa clear?

• A) 0
• B) 40
• C) 50
• D) 20

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Definitions:

Radial Styloid Process

A bony protrusion at the distal end of the radius bone in the forearm, which is palpable on the thumb side of the wrist.

Radial Tuberosity

A bony prominence under the forearm that attaches to the bicep tendon.

Olecranon

The bony prominence of the elbow, on the upper end of the ulna, that forms the point of the elbow.

Tibial Tuberosity

A prominent bony structure on the anterior portion of the tibia, below the knee, where the patellar ligament attaches.