Both Jill and John own toothpick factories. Jill\'s factory has low fixed costs

Question

Both Jill and John own toothpick factories. Jill's factory has low fixed costs and high variable costs. John's factory has high fixed costs and low variable costs. Currently each factory is producing 1,000 boxes of toothpicks at the same total cost. Complete the following statement with the correct answer. If each produces a.)less their cost will be equal b.) more, their cost will be equal c.) more, the cost of Jill's factory will exceed the cost of John's factory d.) less, the cost of Jill's factory will exceed those of John's factory

Explanation / Answer

c.) more, the cost of Jill's factory will exceed the cost of John's factory

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