Assume that the demand function for tuna in a small coastal town is given by where p is the price (in dollars)per pound of tuna and q is the number of pounds of tuna that can be sold at the price p in 1 month. Calculate the price that the town s fishery should charge for tuna in order to produce a demand of 625 pounds of tuna per month.
A)$1
B)$32
C)$1,200
D)$800
E)$2

Question

Assume that the demand function for tuna in a small coastal town is given by  where p is the price (in dollars)per pound of tuna and q is the number of pounds of tuna that can be sold at the price p in 1 month. Calculate the price that the town s fishery should charge for tuna in order to produce a demand of 625 pounds of tuna per month.
A)$1 
B)$32 
C)$1,200 
D)$800 
E)$2

Quizplus · Accepted Answer

The Answer of Assume that the demand function for tuna in a small coastal town is given by  where p is the price (in dollars)per pound of tuna and q is the number of pounds of tuna that can be sold at the price p in 1 month. Calculate the price that the town s fishery should charge for tuna in order to produce a demand of 625 pounds of tuna per month.
A)$1 
B)$32 
C)$1,200 
D)$800 
E)$2

Assume That the Demand Function for Tuna in a Small