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    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?

    © BrainMass Inc. brainmass.com June 3, 2020, 7:44 pm ad1c9bdddf
    https://brainmass.com/business/interest-rates/110780

    Solution Summary

    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.

    $2.19

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