Solve the Problem. -The Demand Equation for a Certain Item Is and Is

question 52

Multiple Choice

Solve the problem.
-The demand equation for a certain item is 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.

• A)$14; at the 3,000 level of production,profit will increase by approximately $14 for each unit increase in production.
• B)$16; at the 3,000 level of production,profit will increase by approximately $16 for each unit increase in production.
• C)$7; at the 3,000 level of production,profit will increase by approximately $7 for each unit increase in production.
• D)$4; at the 3,000 level of production,profit will increase by approximately $4 for each unit increase in production.

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French-Canadian Population

People of French descent living in Canada, particularly in Quebec, with a distinct culture and language.

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