Use the Following to Answer Question

question 241

Multiple Choice

Use the following to answer question:
-(Table: Variable Costs for Lawns) Use Table: Variable Costs for Lawns.During the summer,Alex runs a lawn-mowing service in a perfectly competitive industry.Assume that costs are constant in each interval;so,for example,the marginal cost of mowing each of the lawns from 1 through 10 is $10.Also assume that he can only mow the quantities of lawn given in the table (and not numbers in between) .His only fixed cost is $1,000 for the mower.His variable costs include fuel,his time,and mower parts.What is Alex's break-even price?

• A)$100.00
• B)$10.00
• C)$50.00
• D)$27.50

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Definitions:

Civil War Amendments

Refers to the 13th, 14th, and 15th amendments to the United States Constitution, which abolished slavery, granted citizenship rights, and protected voting rights regardless of race, respectively.

Due Process

A fundamental principle in the justice system that guarantees fair treatment through the normal judicial system, especially a citizen's entitlement to notice of a charge and a hearing before any governmental deprivation of life, liberty, or property.

Plessy v. Ferguson

A landmark 1896 U.S. Supreme Court case that upheld the constitutionality of racial segregation under the "separate but equal" doctrine.

Racial Segregation

The enforced separation of different racial groups in a country, community, or establishment, leading to inequality and discrimination.