Refer to Greene Enterprises, Inc., whose manager recently estimated its average variable cost (AVC) function to be

$$A V C = 88 - 0.026 Q + 0.000003 Q ^ { 2 }$$
Greene Enterprises faces total fixed costs (TFC) of $300,000.
-If Greene Enterprises produces 6,000 units of output, what is estimated short-run marginal cost (SMC)?
A) $45.60
B) $62.40
C) $83
D) $92
E) $100

Question

Refer to Greene Enterprises, Inc., whose manager recently estimated its average variable cost (AVC) function to be

$$A V C = 88 - 0.026 Q + 0.000003 Q ^ { 2 }$$ 
Greene Enterprises faces total fixed costs (TFC) of $300,000.
-If Greene Enterprises produces 6,000 units of output, what is estimated short-run marginal cost (SMC)?
A) $45.60
B) $62.40
C) $83
D) $92
E) $100

Quizplus · Accepted Answer

The Answer of Refer to Greene Enterprises, Inc., whose manager recently estimated its average variable cost (AVC) function to be

$$A V C = 88 - 0.026 Q + 0.000003 Q ^ { 2 }$$ 
Greene Enterprises faces total fixed costs (TFC) of $300,000.
-If Greene Enterprises produces 6,000 units of output, what is estimated short-run marginal cost (SMC)?
A) $45.60
B) $62.40
C) $83
D) $92
E) $100

Refer to Greene Enterprises, Inc AVC=88−0.026Q+0.000003Q2A V C = 88 - 0.026 Q + 0.000003 Q ^ { 2 }AVC=88−0.026Q+0.000003Q2

Refer to Greene Enterprises, Inc $A V C = 88 - 0.026 Q + 0.000003 Q ^ { 2 }$