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.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
Correct Answer:
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