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The Consumer Demand for a Certain Commodity Is D(p)=1,000.00e0.33pD ( p ) = 1,000.00 e ^ { - 0.33 p }

Question 6

Multiple Choice

The consumer demand for a certain commodity is D(p) =1,000.00e0.33pD ( p ) = 1,000.00 e ^ { - 0.33 p } units per month when the market price is p dollars per unit. Express consumers' total monthly expenditure for the commodity as a function of p and determine the market price that will result in the greatest consumer expenditure.


A) $45.45
B) $1,000.00
C) $3.03
D) $24.24

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