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

question 1

Multiple Choice

Given a consumer's demand function, $D ( q ) = \frac { 300 } { 0.4 q + 8 }$ 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

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Definitions:

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Compulsive Behaviors

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