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The Consumer Demand for a Certain Commodity Is D(p)=5,000e0.03pD ( p ) = 5,000 e ^ { - 0.03 p }

Question 158

Multiple Choice

The consumer demand for a certain commodity is D(p) =5,000e0.03pD ( p ) = 5,000 e ^ { - 0.03 p } units per month when the market price is p dollars per unit. Determine the market price that will result in the greatest consumer expenditure.


A) $30.31
B) $31.31
C) $33.33
D) $34.33

Correct Answer:

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