3. [-/1 Points] DETAILS MY NOTES Math 110 Course Resources - Marginal Analysis & Elasticity Course Packet on marginal analysis The weekly demand for Math Wars - Attack of the Limits video games is given by 270 P = x - 3 + 1500 where x is the number thousands of video games produced and sold, and p is in dollars. Using the Marginal Revenue function, R'(x), approximate the marginal revenue when 6,000 video games have been produced and sold. dollars [-/1 Points] DETAILS MY NOTES Math 110 Course Resources - Marginal Analysis & Elasticity Course Packet on marginal analysis Let C(x) represent the cost and R(x) the revenue, in dollars, associated with producing and selling x units of Dr. Little's Winning at Love - A Strategy Guide to the Game of Tennis. If C'(70) = 74 and R'(70) = 74, which one of the following statements is true? Producing and selling the 71st item will decrease total profits. Since marginal cost equals marginal revenue, total profits are negative when 70 items have been sold. Producing and selling the 71st item will have little to no effect on total profits. Producing and selling the 71st item will increase total profits. Since marginal cost equals marginal revenue, total profits are positive when 70 items have been sold