Use the Following Information to Answer Questions 39 - 43

question 40

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.
-Which firm has higher marginal costs?

• A)Jim's Production
• B)Competitor's production
• C)They both have the same fixed costs
• D)Need more information

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