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
Correct Answer:
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