Examlex

Solved

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?


Definitions:

New Computer System

A recently implemented arrangement of computer hardware, software, and possibly other components designed to function together.

Complete

To finish or conclude an action or process entirely, leaving no part undone.

Working

Engaged in an activity as a means of earning income; employed.

Related Questions