Use the Following to Answer Questions

question 221

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 to clear a lot is $30, how many lots should Alexa clear?

• A) 50
• B) 40
• C) 30
• D) 20

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Definitions:

Human Relations

The study and practice of creating harmonious and effective interactions in professional and personal settings.

Working Groups

Groups formed to achieve a specific goal or task, usually characterized by a focused and collaborative approach.

Hawthorne Studies

A series of influential experiments in industrial organization conducted in the 1920s and 1930s at the Hawthorne Works in Chicago, highlighting the impact of work conditions on productivity.

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations, including all of the great powers, eventually forming two opposing military alliances: the Allies and the Axis.