Josh Mows Lawns

question 219

Multiple Choice

Josh mows lawns.If the demand for lawn-mowing service is elastic and Josh wants to increase his total revenue,he should

• A)increase the price of his lawn-mowing service.
• B)decrease the price of his lawn-mowing service.
• C)reduce the costs of operating his lawn-mowing service.
• D)More than one of the above is correct.

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Definitions:

Roth Retirement Plan

A type of retirement account that allows qualified withdrawals on a tax-free basis, provided certain conditions are met.

Withdrawals

The act of taking money out of an account.

Tax Free

Refers to financial income or accounts that are not subject to taxation by the government, often used to encourage specific investments or savings.

Variable Annuity

A type of annuity plan that allows the contract owner to choose investments which then dictate the fluctuation of the payout amounts.