Business, 17.04.2020 21:29 belmontes

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’ long-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.

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Jim and Lisa own a dog-grooming business in Champlain, New York, called JL Groomers. There are many...

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