Essay
(Table: Variable Costs for Lawns) Look at the table Variable Costs for Lawns.During the summer Alex runs a lawn-mowing service, and lawn-mowing is a perfectly competitive industry made up of 100 identical firms.The table shows his variable costs for lawn-mowing and the number of lawns mowed.Alex's 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 $70, how much is Alex's total cost at the profit-maximizing output?
A.$3,500
B.$2,800
C.$2,100
D.$1,500
Correct Answer:

Verified
Correct Answer:
Verified
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