Use the Following to Answer Question

question 326

Multiple Choice

Use the following to answer question:
-(Table: Variable Costs for Lots) Use 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;so,for example,the marginal cost of clearing each of the lots from 1 through 10 is $20.Also assume that she can only plow the quantities of the lots given in the table (and not numbers in between) .Her only fixed cost is $1,000 for a snowplow.Her variable costs include fuel,her time,and hot coffee.What is Alexa's shut-down price in the short run?

• A)$20
• B)$15
• C)$50
• D)$42

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Definitions:

Skeletal System

The framework of bones and cartilage that supports and protects the body, allows for movement, and produces blood cells.

Acid-Base Balance

The mechanism by which the body maintains its pH within a narrow range for optimal cellular function.

Calcium Hydroxyapatite

A mineral form of calcium apatite with the formula Ca5(PO4)3(OH), which is the main structural element found in bone and teeth.

Bone Matrix

Bone matrix is the intercellular substance of bone tissue, consisting of collagen fibers and a mineralized ground substance that provides strength.