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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The correct answer for the exercise shown above is the first option and the las option, which are:
<span>y = 3x + 20
3x - y = -20
</span>
The explanation is shown below:
1. You have the folllowing expression given in the problem above:
y-2=3(x+6)
2. If you solve it for y, you have:
y-2=3x+18
y=3x+18+2
y=3x+20
3. And if you move the variables to the left member, you have:
3x-y=-20
Therefore, as you can see, the correct answer are the options mentioned above.
y = 5x + 4 is the equation of the line whose slope is 5 and y intercept is (0,4)
<em><u>Solution:</u></em>
Given that, we have to write the equation of the line whose slope is 5 and y intercept is (0,4)
<em><u>The equation of line in slope intercept form is given as:</u></em>
y = mx + c ---- eqn 1
Where, "m" is the slope of line and "c" is the y - intercept
Given that, slope = m = 5
y intercept is (0, 4)
So, c = 4
<em><u>Substitute c = 4 and m = 5 in eqn 1</u></em>
y = 5x + 4
Thus the equation of line is found
