part a-b-c

Let w(),D,.d(.)respectivelydenotethewillingnesstopay(wtp)densityfunction(distribution),market size and demand function, where functions have price arguments. Parts a), b) and c) below are independent unless otherwise is stated. a) (0.3 pts) Suppose that everybody is willing to pay more than $5. Moreover, wtp density w is constant from the price of $5 to the price of $10. Express w(x) over 0x10. b) (0.4 pts) Suppose that w(x)=1/10 for 0x10 and D=700. Obtain d(p) for 0p10. c) (0.3 pts) Suppose that d(p)=60030p, obtain the associated w and define a valid range for this w (with p=0 being one boundary of the range)