Write the System of Inequalities Which Corresponds to the Following $\left\{ \begin{array} { l } x \geq 1 \\y \geq 3\end{array} \right.$

question 30

Multiple Choice

Write the system of inequalities which corresponds to the following graph.

• A) \(\left\{ \begin{array} { l } x \geq 1 \\ y \geq 3 \end{array} \right.\)
• B) \(\left\{ \begin{array} { l } x \leq 1 \\ y \geq 3 \end{array} \right.\)
• C) \(\left\{ \begin{array} { l } x \geq 1 \\ y \leq 3 \end{array} \right.\)
• D) \(\left\{ \begin{array} { l } x \leq 1 \\ y \leq 3 \end{array} \right.\)

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Definitions:

Monopolist

A monopolist is a producer or provider who has exclusive control over the supply of a particular good or service, enabling them to significantly influence or set prices.

Profit-Maximizing

A strategy adopted by businesses aiming to achieve the highest possible profit given the constraints they face.

Quantities

Numerical amounts or counts of items, goods, or materials.

Third-Degree Price Discrimination

A pricing strategy where different prices are charged to different customer groups based on their elasticity of demand.