Use the Following to Answer Questions

question 248

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. Which of the following is a point on Alexa's short-run supply curve?

• A) P = $40; Q = 10
• B) P = $10; Q = 200
• C) P = $35; Q = 50
• D) P = $0; Q = 0

---

Definitions:

Cutting Edge

The latest or most advanced stage of development in technology, methods, or knowledge.

Concrete Words

Words that represent specific, tangible objects or phenomena, which can be perceived through the senses.

Vague

Lacking clarity or precision in thought or expression, leading to ambiguity and difficulty in understanding.

Slang

Informal language that originates from various social groups, often characterized by non-standard usage and rapid changes.