Examlex

Solved

Use the Following to Answer Questions

question 219

Multiple Choice

Use the following to answer questions: 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 $40, how many lawns will Alex mow? A)  0 B)  20 C)  30 D)  40
-(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 $40, how many lawns will Alex mow?


Definitions:

Consciousness

The state of being aware of and responsive to one's surroundings, thoughts, feelings, and sensations.

Firmly Crystallized

A condition or a state that has become solidified and unchangeable over time.

Middle Age

a period in human adulthood typically ranging from the early 40s to the mid-60s, characterized by increased self-awareness, stability, and facing of mortality.

Adolescence

The transitional stage of development between childhood and adulthood, marked by physical, psychological, and social changes.

Related Questions