Assume that the demand function for tuna in a small coastal town is given by $p = \frac { 20,000 } { q ^ { 1.5 } }$ 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) $2
C) $1,200
D) $800
E) $32

Question

Assume that the demand function for tuna in a small coastal town is given by $p = \frac { 20,000 } { q ^ { 1.5 } }$ 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) $2
C) $1,200
D) $800
E) $32

Quizplus · Accepted Answer

The Answer of Assume that the demand function for tuna in a small coastal town is given by $p = \frac { 20,000 } { q ^ { 1.5 } }$ 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) $2
C) $1,200
D) $800
E) $32

Assume That the Demand Function for Tuna in a Small p=20,000q1.5p = \frac { 20,000 } { q ^ { 1.5 } }p=q1.520,000​

Assume That the Demand Function for Tuna in a Small $p = \frac { 20,000 } { q ^ { 1.5 } }$