Marcy Owns a Photography Business in Mobile,Alabama

question 12

Multiple Choice

Marcy owns a photography business in Mobile,Alabama.The market for photography is very competitive.At Marcy's current production level,her marginal cost is $15 and her marginal revenue is $12.In order to maximize profits,Marcy should

• A) decrease production.
• B) keep production the same.
• C) increase the price.
• D) decrease the price.
• E) increase production.

---

Definitions:

Cultural Intelligence

The ability to relate and work effectively across cultures, understanding and respecting cultural differences.

Polycentric Attitude

An approach in international business that emphasizes adapting to and integrating with the host country's culture and business practices.

Collaborative Approach

A working method that involves joint effort and partnership among team members or organizations to accomplish a common goal.

International Business

encompasses all commercial transactions, both governmental and private, between parties of different countries, involving exports, imports, and foreign direct investment.