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

question 1

Multiple Choice

The manager of Greene Enterprises,Inc.,recently estimated its average variable cost (AVC) function to be $A V C = 88 - 0.026 Q + 0.000003 Q ^ { 2 }$ Greene Enterprises faces total fixed costs (TFC) of $300,000.What is total variable cost (TVC) at Greene Enterprises when average variable cost (AVC) is at its minimum?

• A)$48,000
• B)$101,101
• C)$137,222
• D)$190,476
• E)$437,212

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Definitions:

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