Use the following scenario to answer the following questions:
Lenora and Uma own a dog-grooming business in upstate New York, called Pawkeepsie Groomers. There are many buyers and many sellers in the dog-grooming service market. Pawkeepsie 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.
Pawkeepsie Groomers’ short-run supply curve would be the
Question options:
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.