Question: For the consumers demand functions D(q) in Exercises 1 through 6: (a) Find the total amount of money consumers are willing to spend to obtain

For the consumers’ demand functions D(q) in Exercises 1 through 6:


(a) Find the total amount of money consumers are willing to spend to obtain q0 units of the commodity.


(b) Sketch the demand curve and interpret the consumer willingness to spend in part (a) as an area.


D(q) = 300 4q+ 3 dollars per unit; qo 10 units

D(q) = 300 4q+ 3 dollars per unit; qo 10 units

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