Use the Following to Answer Question

question 106

Multiple Choice

Use the following to answer question:
-(Table: Lunch) Use Table: Lunch.This table shows market demand for picnic lunches for people taking all-day rafting trips on the river.Suppose that the marginal cost and average cost of each lunch are a constant $4 for all firms in the market.If Joe owns one of many firms in a competitive industry,what price will he charge for a lunch in the long run?

• A)$10
• B)$8
• C)$6
• D)$4

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Definitions:

Content Of Work

The actual tasks, responsibilities, and activities that make up a job or position.

Absence

The state of being away or not present in a particular place or situation.

Performance

The act of executing and completing tasks effectively, often measured against preset standards of accuracy, completeness, cost, and speed.

Turnover Intentions

The inclination or intention of employees to leave their current job or organization.