Question 2 - The total potential market for a spiral-bound notebook is D = 20,000, and...
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Question 2 - The total potential market for a spiral-bound notebook is D = 20,000, and willingness- to-pay is distributed uniformly between $0 and $10. This means that 1 if 0 < x <10 10 w(x) = otherwise a. (1 pts) Derive the corresponding price-response curve. b. (0.5 pts) What is the satiating price? Question 2 - The total potential market for a spiral-bound notebook is D = 20,000, and willingness- to-pay is distributed uniformly between $0 and $10. This means that 1 if 0 < x <10 10 w(x) = otherwise a. (1 pts) Derive the corresponding price-response curve. b. (0.5 pts) What is the satiating price?
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