Use the Following Scenario to Answer the Following Questions

question 101

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' long-run supply curve would be the

• A) marginal revenue (MR)curve above $14.
• B) marginal revenue (MR)curve above $22.
• C) marginal cost (MC)curve above $14.
• D) marginal cost (MC)curve above $22.
• E) average variable cost (AVC)curve above $14.

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Definitions:

Modern

Pertaining to the period or conditions of the present or recent times, often associated with notions of progress or newness.

Postmodern

A broad movement in the late 20th century across philosophy, the arts, architecture, and criticism, marking a departure from modernism, characterized by skepticism toward grand theories and ideologies.

Structural Marxism

A theory within Marxism that emphasizes the role of societal structures in understanding the dynamics of class conflict and exploitation.

Structuralism

An approach in social science that emphasizes the underlying structural elements that shape society and human behaviors.