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The Demand Function for a Product Is Modeled By p=4000(155+e0.0003x)p = 4000 \left( 1 - \frac { 5 } { 5 + e ^ { - 0.0003 x } } \right)

Question 40

Multiple Choice

The demand function for a product is modeled by p=4000(155+e0.0003x) p = 4000 \left( 1 - \frac { 5 } { 5 + e ^ { - 0.0003 x } } \right) . What is the limit of the price as x increases without bound? Round your answer to two decimal places where applicable.


A) The limit of the price as x increases without bound is -1.
B) The limit of the price as x increases without bound is 1.
C) The limit of the price as x increases without bound is 0.
D) The limit of the price as x increases without bound is 40004000 .
E) The limit of the price as x increases without bound is 55 .

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