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

question 44

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.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

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Definitions:

Nutritional Substances

Elements found in food that are essential for the growth, development, and maintenance of the body; includes vitamins, minerals, proteins, fats, and carbohydrates.

Elements

The basic substances that constitute all matter, each with its own distinct properties, which cannot be broken down into simpler substances by chemical means.

Sodium

A chemical element (Na) that is essential for the body in small amounts but can lead to high blood pressure and other health issues when consumed in excess.

Low-Density Lipoproteins

Often referred to as "bad" cholesterol, these are lipoproteins that carry cholesterol from the liver to tissues and can contribute to plaque buildup in arteries.