Use the Following Information to Answer Questions 39 - 43

question 23

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

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Definitions:

Mental Ability

A person's capacity to think, reason, solve problems, and understand complex ideas; often assessed through intelligence and cognitive tests.

Vocations

Occupations or careers, especially those for which individuals are trained or to which they feel a strong calling or passion.

Learning Disabilities

Neurologically-based processing problems which can interfere with learning basic skills such as reading, writing, or math, and can also affect higher level skills such as organization, time planning, and abstract reasoning.

Multiple Aptitude Tests

Tests that measure many aspects of ability. Often useful in determining the likelihood of success in a number of vocations. It is a type of aptitude test.