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 crossing average variable cost (AVC) at $14 and average total cost (ATC) at $22. JL Groomers' short-run supply curve would be the:
A) marginal revenue (MR) curve above $14.
B) marginal revenue (MR) curve above $22.
C) marginal cost (MC) curve above $14.
D) marginal cost (MC) curve above $22.
E) average variable cost (AVC) curve above $14.
Correct Answer:
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