Use the Following to Answer Question

question 326

Multiple Choice

Use the following to answer question:
-(Table: Variable Costs for Lots) Use Table: Variable Costs for Lots.During the winter,Alexa runs a snow-clearing service in a perfectly competitive industry.Assume that costs are constant in each interval;so,for example,the marginal cost of clearing each of the lots from 1 through 10 is $20.Also assume that she can only plow the quantities of the lots given in the table (and not numbers in between) .Her only fixed cost is $1,000 for a snowplow.Her variable costs include fuel,her time,and hot coffee.What is Alexa's shut-down price in the short run?

• A)$20
• B)$15
• C)$50
• D)$42

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Central Intelligence Agency (CIA)

A civilian foreign intelligence service of the federal government of the United States, tasked with gathering, processing, and analyzing national security information.

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The 37th President of the United States (1969-1974), known for his foreign policy achievements and the Watergate scandal, which led to his resignation.