Amount of money consumers are willing to spend


Question 1. Find the total amount of money consumers are willing to spend to get q0 units of the a particular commodity given the demand function D(q):

D(q) = (300 / 4q+3) dollars per unit : q0 = 10

Question 2. When Sue turns 30 she begins making annual deposits of $2,000 into a bond fund that pays 8% annual interest compounded continuously. Assuming her deposits are made as a continuous income flow, how much money will be in her account if she retires when she turns 55?

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Finance Basics: Amount of money consumers are willing to spend
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