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Given a Consumer's Demand Function D(q)=4000.7q+8D ( q ) = \frac { 400 } { 0.7 q + 8 }

Question 50

Multiple Choice

Given a consumer's demand function, D(q) =4000.7q+8D ( q ) = \frac { 400 } { 0.7 q + 8 } dollars per unit, find the total amount of money consumers are willing to spend to get 10 units of the commodity.


A) $0.63
B) $251.44
C) $179.60
D) $359.20

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