Solved

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 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 . ​ 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

Correct Answer:

verifed

Verified

Related Questions