Use the Following to Answer Questions

question 173

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 $60, how much is Alex's total cost at the profit-maximizing output?

• A) $60
• B) $1,100
• C) $2,400
• D) $2,100

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Definitions:

Ego

In psychoanalytic theory, the part of the personality that mediates between the demands of the id, the superego, and reality.

Consciously Planned Behavior

Actions that are premeditated and executed with awareness, considering the potential outcomes and reflecting an individual's intentions and goals.

Specific Purpose

A clear, defined goal or objective intended to be achieved through a particular action or endeavor.

Coping Behavior

The actions, strategies, and psychological mechanisms individuals use to manage stress, challenges, or adversity.