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:

Host Country

The nation in which a multinational company operates a facility or office, distinct from the country where its headquarters is located.

Parent Country

Parent country refers to the country where a multinational corporation is headquartered. Employees from this country working abroad for the corporation might be known as expatriates.

Third Country

A country that is neither the parent country nor the host country of an employer.

Third-Country National

An individual employed by a company who is neither a citizen of the country where the company is headquartered nor of the country where they are working.