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-Bill Owns a Lawn-Care Company in Bendigo, Whose Cost Curves

question 25

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  -Bill owns a lawn-care company in Bendigo, whose cost curves are illustrated in the above figure. The market equilibrium price in this perfectly competitive market equals $32 per lawn mowed. At this price, how many lawns will Bill mow per week? A)  Zero B)  40 C)  50 D)  More than 10 and less than 30 E)  30
-Bill owns a lawn-care company in Bendigo, whose cost curves are illustrated in the above figure. The market equilibrium price in this perfectly competitive market equals $32 per lawn mowed. At this price, how many lawns will Bill mow per week?


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