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 what level of output does average variable cost AVC)reach its minimum value for Greene Enterprises?
A)800
B)3,144
C)3,800
D)4,333
E)51,672

Question

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 what level of output does average variable cost AVC)reach its minimum value for Greene Enterprises?
A)800 
B)3,144 
C)3,800 
D)4,333 
E)51,672

Quizplus · Accepted Answer

The Answer of 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 what level of output does average variable cost AVC)reach its minimum value for Greene Enterprises?
A)800 
B)3,144 
C)3,800 
D)4,333 
E)51,672

The Manager of Greene Enterprises,Inc