Suppose a Lawn-Mowing Business Has a Mower for Which It

question 112

Multiple Choice

Suppose a lawn-mowing business has a mower for which it paid $1000 and workers for which they pay $10 per hour. Suppose each mower can mow a lawn per hour.

• A)Their average fixed cost is $1000.
• B)Their variable cost per lawn is $10 + $1000/lawns mowed.
• C)Their average fixed cost is $1000/lawns mowed.
• D)Their average fixed cost is $10 per lawn mowed.

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Definitions:

Executive Power

The authority to execute and enforce laws, typically vested in the president or prime minister in a governmental system.

Federal Budget

The government's estimate of revenue and spending for a fiscal year, reflecting the nation's priorities and financial plans at the federal level.

Proposed Legislation

This term refers to laws suggested by legislators or policymakers that are under consideration but not yet enacted.

Declare War

The formal act by which a nation-state announces and justifies its intent to engage in armed conflict against another state or organization, often requiring approval by its government or legislature.