The following questions refer to Greene Enterprises, Inc., whose manager recently estimated its average variable cost (AVC) function to be

Greene Enterprises faces total fixed costs (TFC) of $300,000.
-A short-run marginal cost function is estimated as
. Which of the following cost functions is associated with this estimated SMC equation?

Question

The following questions refer to Greene Enterprises, Inc., whose manager recently estimated its average variable cost (AVC) function to be

Greene Enterprises faces total fixed costs (TFC) of $300,000.
-A short-run marginal cost function is estimated as

. Which of the following cost functions is associated with this estimated SMC equation?

Quizplus · Accepted Answer

The Answer of The following questions refer to Greene Enterprises, Inc., whose manager recently estimated its average variable cost (AVC) function to be Greene Enterprises faces total fixed costs (TFC) of $300,000. -A short-run marginal cost function is estimated as . Which of the following cost functions is associated with this estimated SMC equation? A) TVC = 96Q - 2Q² + 0.05Q³ B) SMC = 96 - 4Q + 0.1Q² C) TVC = 96Q + 4Q² + 0.15Q³ D) AVC = 96 - 2Q + 0.05Q² E) a and d

The Following Questions Refer to Greene Enterprises, Inc