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

question 114

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) $7; at the 3,000 level of production, profit will increase by approximately $7 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) $14; at the 3,000 level of production, profit will increase by approximately $14 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.

---

Definitions:

ASE Certified

A certification from the National Institute for Automotive Service Excellence indicating that an individual has met specific criteria in automotive repair and service.

Automotive Technology

The study and application of engineering, design, and technological innovations in the manufacturing and maintenance of automobiles.

Continuous Training

A form of exercise that involves prolonged, steady activity without rest intervals, typically utilized to improve cardiovascular fitness.

Cathode

An electrode or conductor from which current flows out.