Use the Following to Answer Question

question 197

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 profit at the profit-maximizing output?

• A)-$10
• B)-$300
• C)$300
• D)-$1,000

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Definitions:

Convert

To change data from one format or type to another, such as converting text to number or a file to a different file format.

Split

Split typically refers to dividing data, windows, or objects into separate parts or sections to enhance visibility, manageability, or functionality in software applications or data analysis.

Logical Table

An abstract representation of data organized in rows and columns, used in database and data warehouse design to logically separate data for ease of understanding and management.

Datasheet

A view in database applications that displays data in a table format, where fields are columns and records are rows.