Multiple Choice
Suppose Lydia owns the only lawn-mowing business in the small town of Pleasant Pastures. There are 8 people each week whose lawns she might cut, each with a reservation price given in the accompanying table. Assume that the marginal cost of mowing each lawn is constant and equal to $25.
If Lydia charges the same price to all of her customers, then what price should she charge if she wants to maximize her profit.
A) $34
B) $30
C) $26
D) $32
Correct Answer:

Verified
Correct Answer:
Verified
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