Chapter 12.2, Problem 31E

(a)

To determine

To calculate: The price charged by the town fishery to maximize revenue when demand for tuna is $p=\frac{500000}{q^{1.5}}$ and the town decides to sell $5000$ tuna per month.

(b)

To determine

To calculate: The amount of tuna sold at $\$1.41$ when demand for tuna is $p=\frac{500000}{q^{1.5}}$.

(c)

To determine

To calculate: The maximum revenue when demand for tuna is $p=\frac{500000}{q^{1.5}}$.