The Price of a Certain Commodity in Dollars Per Unit

question 178

Multiple Choice

The price of a certain commodity in dollars per unit at time t (measured in weeks) is given by ​ .
​
How fast is the price of the commodity changing at ?
​

• A) Increasing at the rate of $13/wk.
• B) Increasing at the rate of $19/wk.
• C) Decreasing at the rate of $19/wk.
• D) Increasing at the rate of $6/wk.
• E) Decreasing at the rate of $13/wk.

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Definitions:

Used

Items that have been previously owned or utilized by someone before being sold or transferred.

Selling and Administrative Expense

Costs unrelated to direct production of goods or services, including costs associated with sales, marketing, and general administration.

Assembly Line

A production method where components are sequentially attached to an item, resulting in an efficiently completed product.

Wages

Payments made to employees based on the hours worked or tasks performed, typically on a regular basis.