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.When Greene's output is 2,000 units,what is short-run marginal cost (SMC) ?
A) $20
B) $42
C) $72
D) $90
E) $100
Correct Answer:
Verified
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