Use the Following to Answer Questions

question 276

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 revenue at the profit-maximizing output?

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

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Definitions:

Leadership Behavior

The actions, mannerisms, and decisions demonstrated by someone in a leadership role, influencing and guiding a group towards its objectives.

Vision Setting

The process of establishing a clear and inspirational future state for an individual or organization, guiding planning and decision-making.

Leadership Warrants

The justifications or reasons that validate someone assuming a leadership role, often based on skills, experiences, and the ability to inspire others.

Charismatic Leader

A leadership style characterized by an individual's ability to inspire and motivate others through their personal charm and persuasive communication.