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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 much is Alex's profit per unit at the profit-maximizing output? A)  -$10.00 B)  $10.00 C)  $23.33 D)  -$20.00
-(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 much is Alex's profit per unit at the profit-maximizing output?


Definitions:

Clearances

The space or gap between two parts, typically measured to ensure proper fit, alignment, or function.

Warpage

Distortion or deformation of a material or component, often caused by uneven heating, cooling, or stress.

Bonds

Financial instruments representing a loan made by an investor to a borrower, often a corporation or government, which pays interest over time and returns the principal at maturity.

Atoms

The smallest constituent unit of ordinary matter that has the properties of a chemical element.

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