Use the Following to Answer Question

question 65

Multiple Choice

Use the following to answer question:
-(Table: Variable Costs for Lawns) Use 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;so,for example,the marginal cost of mowing each of the lawns from 1 through 10 is $10.Also assume that he can only mow the quantities of lawn given in the table (and not numbers in between) .His only fixed cost is $1,000 for the mower.His variable costs include fuel,his time,and mower parts.Which point falls on Alex's short-run supply curve?

• A)P = $5,Q = 10
• B)P = $10,Q = 100
• C)P = $60,Q = 40
• D)P = $20,Q = 300

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