Multiple Choice
Use the following to answer question:
-(Table: Variable Costs for Lots) Use Table: Variable Costs for Lots.During the winter,Alexa runs a snow-clearing service in a perfectly competitive industry.Assume that costs are constant in each interval;so,for example,the marginal cost of clearing each of the lots from 1 through 10 is $20.Also assume that she can only plow the quantities of the lots given in the table (and not numbers in between) .Her only fixed cost is $1,000 for a snowplow.Her variable costs include fuel,her time,and hot coffee.If the price to clear a lot is $30,what is Alexa's profit at the optimal output?
A) $1,200
B) $450
C) $0
D) -$550
Correct Answer:

Verified
Correct Answer:
Verified
Q121: Use the following to answer question: <img
Q122: _ almost always take the market price
Q123: Use the following to answer question: <img
Q124: Use the following to answer question: <img
Q125: Use the following to answer question: <img
Q127: Use the following to answer question: <img
Q128: Use the following to answer question: <img
Q129: The short-run supply curve for a perfectly
Q130: Use the following to answer question: <img
Q131: Use the following to answer question: <img