Use the Following Scenario to Answer the Following Questions

question 71

Multiple Choice

Use the following scenario to answer the following questions:
Lenora and Uma own a dog-grooming business in upstate New York,called Pawkeepsie Groomers.There are many buyers and many sellers in the dog-grooming service market.Pawkeepsie Groomers experiences normal cost curves,with the marginal cost (MC) curve crossing average variable cost (AVC) at $14 and average total cost (ATC) at $22.
-Pawkeepsie Groomers will make positive economic profits if the market price is

• A) $14.
• B) between $14 and $22.
• C) below $14.
• D) $22.
• E) above $22.

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Definitions:

Fixed-Position Layouts

A layout strategy where the product remains stationary, and workers, materials, and equipment are moved to the product site for assembly or construction.

Maximum Time

The longest allowable or estimated time duration within which a particular task or process should be completed.

Computer Software

Programs and other operational information used by a computer to perform specific tasks.

Physical Surroundings

The environment or setting in which a process, event, or activity takes place, often impacting outcomes or experiences.