Question: _. cps ,c. $34 'D. $14 Answer: D 267. Table: Variable Costs for Lawns Quantity of Lawns Variable Costs 0 S 0 III In Ill

_. cps\" ,c. $34 'D. $14 Answer: D 267. Table: Variable Costs for Lawns Quantity of Lawns Variable Costs 0 S 0 III In\" Ill 30\" 30 500 40 1.100 50 1.800 Reference: Rel 1222 (Table: Variable Costs for Lawns) Look at the table Variable Costs for Lawns. During the summer Alex runs a lawnmowing service, and lawn-mowing is a perfectly competitive industry made up of 100 identical firms. The table shows his variable costs for lawn-mowing and the number of lawns mowed. Alex's xed 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= 1o. 'B.P=$10;Q= 100. 'C.P=$60;Q=40. 'D.P=$20;Q=300
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