For the consumers demand functions D(q) in Exercises 1 through 6: (a) Find the total amount of

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For the consumers’ demand functions D(q) in Exercises 1 through 6:

(a) Find the total amount of money consumers are willing to spend to obtain q0 units of the commodity.

(b) Sketch the demand curve and interpret the consumer willingness to spend in part (a) as an area.

D(q) = 2(64 − q2) dollars per unit; q0 = 6 units

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Calculus For Business, Economics And The Social And Life Sciences

ISBN: 9780073532387

11th Brief Edition

Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price

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