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The Demand Function for a Limited Edition Comic Book Is p=3000(155+e0.015x)p = 3000 \left( 1 - \frac { 5 } { 5 + e ^ { - 0.015 x } } \right)

Question 21

Multiple Choice

The demand function for a limited edition comic book is given by p=3000(155+e0.015x) p = 3000 \left( 1 - \frac { 5 } { 5 + e ^ { - 0.015 x } } \right) Find the price pp for a demand of x=45x = 45 units.


A) $5722.74
B) $277.26
C) $369.89
D) $340.13
E) $6369.89

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