Multiple Choice
Use the following to answer questions:
-(Table: Variable Costs for Lawns) Look at the table Variable Costs for Lawns. During the summer, Alex runs a lawn-mowing service, and lawn-mowing is a perfectly competitive industry. Assume that costs are constant in each interval; that is, the variable cost of mowing 1 through 10 lawns is $100. His only fixed cost is $1,000 for the mower. His variable costs include fuel, his time, and mower parts. Which of the following is a point on Alex's short-run supply curve?
A) P = $5; Q = 10.
B) P = $10; Q = 100.
C) P = $60; Q = 40.
D) P = $20; Q = 300.
Correct Answer:

Verified
Correct Answer:
Verified
Q26: In the short run,a perfectly competitive firm
Q96: Which of the following statements is NOT
Q101: Use the following to answer questions: <img
Q102: Use the following to answer questions:<br>Figure: Revenues,
Q103: If a firm's economic profits are equal
Q141: If a perfectly competitive firm sells 10
Q213: If a Florida strawberry wholesaler operates in
Q216: Marginal revenue is a firm's:<br>A)ratio of the
Q277: In the short run,a perfectly competitive firm
Q310: For a firm in a perfectly competitive