Math Solutions

(See Solution) Suppose that the consumers’ demand function for a certain commodity is D(q) = 50 - 3q - q 2 dollars per unit. Find the number of units that

Question: Suppose that the consumers’ demand function for a certain commodity is D(q) = 50 – 3q – q 2 dollars per unit.

  1. Find the number of units that will be bought if the market price is $32 per unit
  2. Compute the consumers’ willingness to spend to get the number of units in part (a).

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