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:

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