-Bill Owns a Lawn-Care Company in Bendigo, Whose Cost Curves

Multiple Choice

-Bill owns a lawn-care company in Bendigo, whose cost curves are illustrated in the above figure. The market equilibrium price in this perfectly competitive market equals $32 per lawn mowed. Bill's average total cost curve is ATC, so his TOTAL cost of production equals

A) more than $1,800 per week.
B) more than $1,400 per week and less than $1,800 per week.
C) $0 because Bill shuts down.
D) more than $1,200 and less than $1,400 per week.
E) more than $0 and less than $1,200 per week.