What is willingness to pay? How does this relate to the concept of demand?

1. What is willingness to pay? How does this relate to the concept of demand?

2. When determining the cost of manufacturing a product, what considerations are included in the cost? Provide an example of a product and explain each consideration in relation to your example.

3. When purchasing construction materials for a home renovation, what factors should a homeowner consider? Provide an example of a green building product