Suppose the Wholesale Price of a Certain Brand of Medium-Sized

question 2

Multiple Choice

Suppose the wholesale price of a certain brand of medium-sized eggs p (in dollars/carton) is related to the weekly supply x (in thousands of cartons) by the equation . ​ If 25,000 cartons of eggs are available at the beginning of a certain week and the supply is falling at the rate of 1,000 cartons/week, at what rate is the wholesale price changing?
(Hint: To find the value of p when, solve the supply equation for p when) .

• A) Increasing at the rate of 3.6 dollars/carton/wk
• B) Increasing at the rate of 3.7 dollars/carton/wk
• C) Dropping at the rate of 3.7 dollars/carton/wk
• D) Dropping at the rate of 3.6 dollars/carton/wk

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The financial gain realized when the amount earned from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

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Agreements to buy or sell a financial instrument at a future date for a price agreed upon today.

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A stock market index that represents 30 of the largest and most liquid German companies trading on the Frankfurt Stock Exchange.