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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:
k = ½
Equation =>
Step-by-step explanation:
Constant of proportionality (k) = y/x
Using a point on the graph, (6, 3),
k = y/x = 3/6 = ½
k = ½
Equation of the line:
Plug in the value of k into (slope-intercept form of equation for proportional relationship)
Thus: