Step 1: Analysis
Divide the given condition $3a+2b+4c=0$ by 4 to make the constant term $c$.
$\frac{3}{4}a + \frac{2}{4}b + c = 0 \implies a(\frac{3}{4}) + b(\frac{1}{2}) + c = 0$.
Step 2: Conclusion
Comparing this with $ax + by + c = 0$, we find $x = \frac{3}{4}$ and $y = \frac{1}{2}$.
Thus, $(\frac{3}{4}, \frac{1}{2})$ lies on the line.
Final Answer: (A)