The demand function is D(q)=50e^(-0.04q) per unit
Find the total amount of money consumers are willing to spend to get 10 units of the commodity
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1 Response
33.5160023
I hope it is correct. However, I strongly encourage you to go over the attached document and go over the calculation once again.
Hope this helps get the ball rolling. :)
Please feel free to add comments, if you need additional clarification.
Posted on September 1st, 2010 at 12:17 pm