Use the following to answer questions: 
-(Table: Lunch) Look at the figure Lunch. Joe makes and sells picnic lunches to people taking all-day rafting trips on the river. The marginal cost and average cost of each lunch are a constant $4. If Joe is one of many firms in a competitive industry, what is deadweight loss in the long run?
Definitions:
United States Indian Policy
The set of laws and guidelines developed by the U.S. government to manage relations and affairs with the Native American tribes and peoples.
Water Rights
The legal rights to use water from a river, stream, or other bodies, typically emphasizing the right of landowners to access or utilize adjoining watercourses.
Newlands Reclamation Act
A 1902 U.S. federal law that funded irrigation projects for the arid lands of 20 states in the American West.
Agricultural Development
The process of improving the efficiency and productivity of agriculture to increase the production of food and agricultural products.
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