Use the following to answer questions: 
-(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. Assume that costs are constant in each interval; that is, the variable cost of mowing 1 through 10 lawns is $100. 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 $70, how many lawns will Alex mow?
A) 20
B) 30
C) 40
D) 50
Correct Answer:
Verified
Q285: A perfectly competitive firm's demand curve is
Q287: If the Kansas corn market is perfectly
Q288: The market for new drugs is not
Q289: A perfectly competitive firm's supply curve is
Q290: Use the following to answer questions:
Q290: If a perfectly competitive firm reduces its
Q291: Use the following to answer questions:
Q291: Microsoft's Windows operating system is a standardized
Q298: In the short run,if a perfectly competitive
Q298: Use the following to answer questions:
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents