Examlex

Solved

Use the Following to Answer Questions

question 11

Multiple Choice

Use the following to answer questions: 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, what is Alexa's profit per unit at the optimal output? A)  -$13.75 B)  $720 C)  $0 D)  -$12.25
-(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, what is Alexa's profit per unit at the optimal output?


Definitions:

Perform Well

Achieving or exceeding the standards of excellence or objectives in a particular task or area of activity.

Performance Expectations

The standards or criteria set by an organization or manager that outline the desired outcomes and behaviors from employees or team members.

Special Treatment

Giving particular attention or privileges to certain individuals or groups, often viewed as unfair or biased.

Training and Development

Organized educational programs aimed at enhancing the skills, knowledge, and competencies of employees to improve their job performance.

Related Questions