Use the Following to Answer Question

question 86

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.Joe has a firm providing this service,and his marginal cost and average cost for each lunch are a constant $4.If Joe is a monopolist,what price will he charge for a lunch in the long run?

• A)$9
• B)$7
• C)$5
• D)$3

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Definitions:

Ruler

A tool in document and graphic design software that helps the user align text, graphics, or other elements by providing a visual guide for measurement and layout.

Paragraph Object

An element in programming dealing with text operations, representing a paragraph, allowing for manipulation and formatting within documents.

Paragraph

A separate part of a written work, typically focusing on a solitary subject, marked by the start of a new line, an indentation, or a number.

Object

In computing, an object is a data structure encompassing data and methods to manipulate that data, fundamental in object-oriented programming.