The demand equation for a certain item is p 14 x1000 and t

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.

Solution

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