Assume That the Demand Function for Tuna in a Small

question 39

Multiple Choice

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

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Definitions:

Classical Conditioning

A type of learning in which one learns to link two or more stimuli and anticipate events.

Discrimination

Unjustifiable negative behavior toward a group and its members.

Spontaneous Recovery

Spontaneous recovery is the reappearance of a conditioned response after a pause or period of apparent extinction.

Observational Learning

The process of learning behaviors by watching and imitating others.