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,and lawn-mowing is 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.If the price for mowing a lawn is $60,how many lawns will Alex mow?
Definitions:
Asset Specific Risk
The risk of loss associated with a particular asset, different from market risk.
Portfolio Diversification
A risk management technique that mixes a wide variety of investments within a portfolio.
S&P/TSX 60 Index
A stock market index of 60 large companies listed on the Toronto Stock Exchange, representing leading sectors in Canada.
Alcan
Alcan was a Canadian mining company and manufacturer of aluminum products, which became part of Rio Tinto Alcan after its acquisition.
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