Multiple Choice
Jim and Lisa own a dog-grooming business in Champlain,New York,called JL Groomers.There are many buyers and many sellers in the dog-grooming service market.JL Groomers experiences normal cost curves,with the marginal cost (MC) curve minimized at $14 and crosses average total cost (ATC) curve at $22.JL Groomers will make positive economic profits if the market price is:
A) $14.
B) between $14 and $22.
C) below $14.
D) $22.
E) above $22.
Correct Answer:
Verified
Correct Answer:
Verified
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