The manager of Greene Enterprises,Inc.,recently estimated its average variable cost (AVC) function to be Greene Enterprises faces total fixed costs (TFC) of $300,000.At Greene Enterprises,average variable cost (AVC) reaches its minimum value at $________.
A) $28.00
B) $31.67
C) $39.64
D) $43.33
E) $82.00
Correct Answer:
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