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Suppose a Lawn-Mowing Business Has a Mower for Which It

Question 23

Multiple Choice

Suppose a lawn-mowing business has a mower for which it paid $1000 and workers for which they pay $10 per hour. Suppose each mower can mow a lawn per hour.


A) Their total fixed cost is $1000.
B) Their variable cost per lawn is $10 + $1000/lawns mowed.
C) Their total fixed cost is $1000/lawns mowed.
D) Their total fixed cost is $10 per lawn mowed.

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