Use the following to answer questions: 
-(Table: Variable Costs for Lots) Look at the table Variable Costs for Lots. During the winter, Alexa runs a snow-clearing service in a perfectly competitive industry, which is made up of 50 identical firms. Assume that costs are constant in each interval; that is, the variable cost of clearing anywhere from 1 through 10 lots is $200. Her only fixed cost is $1,000 for a snowplow. Her variable costs include fuel, her time, and hot coffee. Which of the following is a point on the industry short-run supply curve?
A) P = $40; Q = 60
B) P = $10; Q = 10,000
C) P = $35; Q = 2,500
D) P = $25; Q = 40
Correct Answer:
Verified
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