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:

San Francisco

A major city in California, USA, known for its iconic Golden Gate Bridge, vibrant cultural scene, and historical significance in the tech industry.

Indian Children

Refers to the offspring of indigenous peoples from the Indian subcontinent or, in the context of Native Americans, the younger members of tribes indigenous to the Americas.

Free Blacks

African Americans who were not enslaved before the Emancipation Proclamation, enjoying a status of legal freedom, yet often subject to racial discrimination and segregation.

Voting Rights

The entitlement or permission of individuals to participate in the electoral process, often a subject of significant social and political struggle.