A Portrait Photographer Produces Output in Packages of 100 Photos

question 142

Multiple Choice

A portrait photographer produces output in packages of 100 photos each. If the output sold increases from 600 to 700 photos, total revenue increases from $1,200 to $1,400. The marginal revenue per photo is:

• A) $200.
• B) $100.
• C) $20.
• D) $2.
• E) $1.

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Definitions:

Basic Requirements

Fundamental conditions or criteria that are essential for a process, agreement, or system to be legally valid or operationally effective.

Public Regulations

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A contract in which an insurer agrees to pay a designated beneficiary a sum of money upon the insured individual's death.