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For the Demand Function D(q)=400(0.2q+1)2D ( q ) = \frac { 400 } { ( 0.2 q + 1 ) ^ { 2 } }

Question 142

Multiple Choice

For the demand function D(q) =400(0.2q+1) 2D ( q ) = \frac { 400 } { ( 0.2 q + 1 ) ^ { 2 } } dollars per unit, find the total amount of money consumer's are willing to spend when q = 3 units.


A) $700
B) $720
C) $740
D) $750

Correct Answer:

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