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

question 19

Multiple Choice

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

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Definitions:

Superior

Placed above or higher than another; often used to describe anatomical positioning.

Skeletal

Relating to or constituting the framework of bones that supports the body.

Smooth

Relating to or having an even and continuous surface or texture; typically free from perceptible projections, lumps, or indentations.

Involuntary

Occurring without the individual's conscious control; often refers to physiological responses or reflex actions.