Use the Following to Answer Question

question 80

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 is producer surplus in the long run?

• A)$45
• B)$90
• C)$180
• D)$360

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Definitions:

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The act of unlawfully taking small or relatively low-value items or amounts of money.

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Individuals employed in a correctional facility to supervise, guard, and ensure the security and safety of inmates.

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A state of physical, emotional, and mental exhaustion caused by prolonged stress or frustration, often related to work or personal responsibilities.