The Monthly Demand for a Certain Brand of Table Wine

question 143

Multiple Choice

The monthly demand for a certain brand of table wine is given by the demand equation where p denotes the wholesale price per case (in dollars) and x denotes the number of cases demanded. Find the rate of change of the price to the nearest hundredth of a cent per case when x = 1,000.

• A) The rate of change of the price is - 1.80 cents per case.
• B) The rate of change of the price is - 2.10 cents per case.
• C) The rate of change of the price is - 4.08 cents per case.
• D) The rate of change of the price is - 2.04 cents per case.

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Definitions:

Individualism

A social theory favoring freedom of action for individuals over collective or state control.

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An abbreviation for the Congress of Industrial Organizations, a federation of unions that organized workers in industrial unions in the United States and Canada from 1935 to 1955.

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A term describing the fear and persecution of presumed communists and radical leftists, especially in the United States during the early 20th century, notably in the 1920s and again in the 1950s.