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 $60,how much is Alex's total revenue at the profit-maximizing output?
A) $60
B) $1,100
C) $2,400
D) $2,100
Correct Answer:

Verified
Correct Answer:
Verified
Q166: In a perfectly competitive industry,the market demand
Q167: If the long-run market supply curve for
Q168: Use the following to answer question: <img
Q169: Use the following to answer question: <img
Q170: If the price is greater than the
Q172: For a firm producing at any level
Q173: Assume that in the short run a
Q174: Use the following to answer question: <img
Q175: Use the following to answer question: <img
Q176: If a perfectly competitive firm decreases production