Answer:
A) 50
Attached is the image of the figure.
Step-by-step explanation:
Area of a circle can be expressed as;
Area A = πr^2 ......1
Where;
r = radius
From the attached image, the shape is a Circle and the diameter of the circle is 8 units.
Diameter d = 8
Radius r = diameter/2 = 8/2 = 4 units
Substituting the radius into equation 1;
Area A = π × 4^2 = 16π
Area A = 50.265
Area A = 50 square units (approximately)
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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