(Table: Variable Costs for Lawns) Look at the Table Variable

question 181

Essay

(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 made up of 100 identical firms.The table shows his variable costs for lawn-mowing and the number of lawns mowed.Alex's fixed cost is $1,000 for the mower.His variable costs include fuel, his time, and mower parts.Which of the following is a point on the industry short-run supply curve?
A.P = $5; Q = 100.
B.P = $10; Q = 1,000.
C.P = $40; Q = 1,100.
D.P = $70; Q = 5,000.

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Unfair treatment of individuals based on their race, gender, age, or other characteristics rather than their merits or abilities.

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