The consumer demand for a certain commodity is $D ( p ) = 8,000.00 e ^ { - 057 p }$ 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)$8,000.00
B)$14.04
C)$26.32
D)$1.75

Question

Quizplus · Accepted Answer

The Answer of The consumer demand for a certain commodity is $D ( p ) = 8,000.00 e ^ { - 057 p }$ 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)$8,000.00
B)$14.04
C)$26.32
D)$1.75

The Consumer Demand for a Certain Commodity Is D(p)=8,000.00e−057pD ( p ) = 8,000.00 e ^ { - 057 p }D(p)=8,000.00e−057p

The Consumer Demand for a Certain Commodity Is $D ( p ) = 8,000.00 e ^ { - 057 p }$