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 price will he charge for a lunch in the long run?
A) $9
B) $7
C) $5
D) $3

Question

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 price will he charge for a lunch in the long run?
A) $9 
B) $7 
C) $5 
D) $3

Quizplus · Accepted Answer

The Answer of 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 price will he charge for a lunch in the long run?
A) $9 
B) $7 
C) $5 
D) $3

Use the Following to Answer Questions