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The Manager of Greene Enterprises,Inc AVC=880.026Q+0.000003Q2A V C = 88 - 0.026 Q + 0.000003 Q ^ { 2 }

Question 51

Multiple Choice

The manager of Greene Enterprises,Inc.,recently estimated its average variable cost (AVC) function to be AVC=880.026Q+0.000003Q2A V C = 88 - 0.026 Q + 0.000003 Q ^ { 2 } 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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