Consider an industry with two firms producing similar products.
Mega Corp's total costs are TC = $5,000 + 100 × Quantity.
Big Inc's total costs are TC = $4,000 + 200 × Quantity.
Refer to the information given above.If each firm produces 10 units,Mega Corp will have total costs of _____ and Big Inc will have total costs of _____.
A) $6,000;$6,000
B) $5,000;$4,000
C) $5,100;$4,200
D) $15,000;$14,200
Correct Answer:
Verified
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