Use the Following to Answer Question

question 297

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 deadweight loss in the long run?

• A)$45
• B)$90
• C)$180
• D)$360

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Definitions:

Functional Limitations

Restrictions in the ability to perform tasks in the manner or within the range considered normal for a human being, often due to disability or illness.

Physical Impairment

A physical condition that significantly restricts one or more major life activities, potentially including mobility, dexterity, or sensory functions.

Socio-economic

Relating to or concerned with the interaction of social and economic factors.

Opportunities Fund

A financial resource or program designed to support specific groups of people or projects, often aimed at creating or enhancing opportunities for growth, education, or development.