Assume That the Demand Function for Tuna in a Small $p = \frac { 50,000 } { q ^ { 1.5 } }$

question 24

Multiple Choice

Assume that the demand function for tuna in a small coastal town is given by $p = \frac { 50,000 } { q ^ { 1.5 } }$
Where q is the number of pounds of tuna that can be sold in 1 month at the price of p dollars per pound. The town's fishery finds that the demand for tuna is currently 900 pounds per month and is increasing at a rate of 200 pounds per month. How fast is the price changing Round your answer to the three decimal places.

• A)-$0.206 per pound per month
• B) -$5.556 per pound per month
• C) -$0.617 per pound per month
• D) -$0.412 per pound per month
• E) -$0.274 per pound per month

---

Definitions:

E-Commerce

Refers to the buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions.

Subsidiary Ledger

A subsidiary ledger is a group of detailed accounts where their totals tie into and support summary amounts in one or more accounts in the general ledger.

General Ledger

A comprehensive collection of a company's accounts and transactions, serving as the foundation of the accounting system.

Controlling Account

The account in the general ledger that summarizes the balances of the accounts in a subsidiary ledger.