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Given a Consumer's Demand Function D(q)=3000.4q+8D ( q ) = \frac { 300 } { 0.4 q + 8 }

Question 1

Multiple Choice

Given a consumer's demand function, D(q) =3000.4q+8D ( q ) = \frac { 300 } { 0.4 q + 8 } dollars per unit,find the total amount of money consumers are willing to spend to get 15 units of the commodity.


A) $419.71
B) $0.56
C) $167.88
D) $209.86

Correct Answer:

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