Use the Following to Answer Question

question 41

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,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 $40,how much is Alex's total revenue at the profit-maximizing output?

• A)$1,000
• B)$1,200
• C)$500
• D)$1,500

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Definitions:

Networking Power

The influence and advantage gained through forming and maintaining valuable professional relationships or networks.

Servant Leadership

A leadership philosophy where the leader's primary goal is to serve others, prioritizing the well-being and development of their team members.

Manipulation

The act of controlling or influencing someone or something in a clever or unscrupulous way.

Expertise

Refers to specialized knowledge or skills in a particular field or area of study.