These graphs depict the price and output levels of apples under perfect competition and monopoly market structures. what is the
1 answer:
The extra amount that Mary would pay for apples under a monopoly instead of perfect competition is B. $3
<h3>Calculations and Parameters:</h3>From the complete information,
There are images of the prices that can be gotten under a monopoly and the ones that can be gotten in a perfect competition by Mary.
The marginal cost which is graphed against the pound of apples and the price shows Mary would pay $15 and the marginal revenue shows that Mary would pay $12.
Hence, the difference between them, which is the extra amount to be paid would be $15-$12
=$3
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Answer:
C.
Step-by-step explanation:
Iterative geometric sequence:
Recursive geometric sequence:
The equations are very similar and you only really need to rearrange it. The factor (2/3) and the first term (9) are given, so you can write the iterative equation:
And so the answer is C.