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 a monopolist, what is consumer surplus in the long run?
Definitions:
Counts of Resolution
A measure of the smallest movement or change in position that a sensor or device can detect.
DMM Probes
Tools used with a digital multimeter to make physical contact with the component or circuit being measured.
Rubber Insulator
A component made of rubber used to electrically isolate two parts of a structure, preventing unwanted electrical conduction.
Wingman/VORAD
Advanced radar and sensor systems used in vehicles to enhance safety by monitoring surrounding traffic conditions and obstacles.
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