Question: 13. If WPP = 30 * 30 represents a consumer's marginal willingness to pay function for a good, then (a) What is the total amount
13. If WPP = 30 * 30 represents a consumer's marginal willingness to pay function for a good, then (a) What is the total amount of the good the consumer wants to buy at the price of \$12/unit ? (b) What is the total willingness to pay for 4 units (total amount bought is 4 ) of this good?
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