The demand equation for a certain item is p = 14 - (x/1,000) and the cost equati

Question

The demand equation for a certain item is p = 14 - (x/1,000) and the cost equation is C(x) = 7,000 + 4x. Find the marginal profit at a production level of 3,000 and interpret the result. $16; at the 3,000 level of production, profit will increase by approximately $16 for each unit increase in production. $14; at the 3,000 level of production, profit will increase by approximately $14 for each unit increase in production. $7; at the 3,000 level of production, profit will increase by approximately $7 for each unit increase in production. $4; at the 3,000 level of production, profit will increase by approximately $4 for each unit increase in production.

Explanation / Answer

d is corect ans for the marginal profit at production level 3000

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