Demand
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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
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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A Demand Function and Compounding Interest are investigated. The solution is detailed and well presented. The response received a rating of "5/5" from the student who originally posted the question.
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