Use the Following to Answer Questions

question 194

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 cost at the profit-maximizing output?

• A) $3,500
• B) $2,800
• C) $2,100
• D) $1,500

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Definitions:

Peripheral Route

A path of persuasion that involves a respondent's passive engagement, where attitudes or decisions are influenced by superficial cues rather than deep processing of information.

Central Route

A method of persuasion that involves deeply processing the content of a message, considering its arguments and evidence.

Sufficiency Threshold

Sufficiency threshold refers to the minimum level of resources, information, or inputs required to achieve a satisfactory outcome or make a decision.

Systematic Processing

A mode of information processing that involves careful and thoughtful consideration of all available information and evidence.