Use the Following to Answer Questions

question 309

Multiple Choice

Use the following to answer questions:
-(Table: Variable Costs for Lots) Look at the 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; that is, the variable cost of clearing anywhere from 1 through 10 lots is $200. Her only fixed cost is $1,000 for a snowplow. Her variable costs include fuel, her time, and hot coffee. At what price does Alexa' s short-run supply curve start?

• A) $200
• B) $15
• C) $50
• D) $42

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Definitions:

Undercutting

The process of eroding the base or lower part of a structure or landform, often leading to its collapse or the formation of overhangs.

Volcanic Eruption

The process of magma, ash, and gases being expelled from a volcano, which can have significant impacts on landscapes, atmospheres, and human populations.

Oversteepening

A geomorphological process where slopes become excessively steep in relation to the stability of their materials and gravitational forces, often leading to landslides.

Mineral Deposit

A mass of naturally occurring rocks and other materials that are especially rich in some commodity that might be valuable.