-Bill owns a lawn-care company in Windermere,Florida,whose cost curves are illustrated in the above figure.The market equilibrium price in this perfectly competitive market equals $32 per lawn mowed.At this price,how many lawns will Bill mow per week?

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In a perfectly competitive market, Bill will mow lawns up to the point where the market price equals his marginal cost. If the equilibrium price is $32, Bill will mow lawns until his marginal cost reaches $32, which is at 40 lawns per week according to the cost curves.

-Bill Owns a Lawn-Care Company in Windermere,Florida,whose Cost Curves Are