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Question 4 - For a given, W(p)=0(p1)21ifp2 a. (0.25 pts) Find the corresponding willingness-to-exactly pay w(x) function. b. (0.5pts) Derive the price-response function d(p) if

Question 4 - For a given, W(p)=0(p1)21ifp2 a. (0.25 pts) Find the corresponding willingness-to-exactly pay w(x) function. b. (0.5pts) Derive the price-response function d(p) if D=20,000

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