Vincent Pearson makes dining tables, and he is trying to decide how many tables to produce. He can sell each dining table for $3,000. The cost of the first table is $1,000, for the second it's $1,500. For each additional table he produces, the marginal cost of each table increases by $500. How many dining tables should Vincent produce, and what is the total cost of his production?
A)He will produce four tables at a cost of $12,000.
B)He will produce five tables at a cost of $10,000.
C)He will produce six tables at a cost of $13,500.
D)He will produce seven tables at a cost of $17,500.

Question

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The Answer of Vincent Pearson makes dining tables, and he is trying to decide how many tables to produce. He can sell each dining table for $3,000. The cost of the first table is $1,000, for the second it's $1,500. For each additional table he produces, the marginal cost of each table increases by $500. How many dining tables should Vincent produce, and what is the total cost of his production?
A)He will produce four tables at a cost of $12,000.
B)He will produce five tables at a cost of $10,000.
C)He will produce six tables at a cost of $13,500.
D)He will produce seven tables at a cost of $17,500.

Vincent Pearson Makes Dining Tables, and He Is Trying to Decide