Multiple Choice
Use the following information to answer Questions 39 - 43
Jim's Production is planning on acquiring a competitive firm with a view to change production technologies.The two firm technologies produce the same output but with different cost functions.Jim's Production technology has a cost function = 1000 + 0.10Q whereas the competitor's cost function = 500 + 0.15Q.
-What is the total cost at the break-even quantity calculated above?
A) $750
B) $1000
C) $1500
D) $2000
Correct Answer:
Verified
Correct Answer:
Verified
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