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, how many lunches will he produce in the long run?
A) 0
B) 20
C) 40
D) 60

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 one of many firms in a competitive industry, how many lunches will he produce in the long run?
A) 0 
B) 20 
C) 40 
D) 60

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 one of many firms in a competitive industry, how many lunches will he produce in the long run?
A) 0 
B) 20 
C) 40 
D) 60

Use the Following to Answer Questions