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Question 20 Table: Variable Costs for Lots Quantity of Lots Variable Costs 0 $ 0 10 200 20 300 30 500 40 750 50 1,100
Question 20 Table: Variable Costs for Lots Quantity of Lots Variable Costs 0 $ 0 10 200 20 300 30 500 40 750 50 1,100 (Table: Variable Costs for Lots) Look at the table Variable Costs for Lots. During the winter, Alexa runs a snow-clearing service, and snow clearing is a perfectly competitive industry. The table provided shows her variable costs for snow clearing and number of lots cleared. Her only xed cost is $1,000 for a snowplow. Her variable costs include fuel, her time, and hot coffee. What is Alexa's shut- down price in the short run? 0 $20 0 $50 0 $15 0 $42
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