Show your solutions/ calculations for each question (not just the final answer).
Annas demand for good X is given by the following equation:
q = 7 p + 0.0005I
where q is the quantity demanded at price p when Annas income is I. Annas income is
Question A - fill in the last two columns
Question B- benefits divided by costs
* D which is 2.75 gives us the maximum /optimal benefit.