Refer to Greene Enterprises, Inc $$A V C = 88 - 0.026 Q + 0.000003 Q ^ { 2 }$$

question 17

Multiple Choice

Refer to Greene Enterprises, Inc., whose manager 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:

1950s

A decade marked by post-World War II prosperity, the beginning of the Cold War, and significant cultural and social changes in many parts of the world.

Truman

Truman refers to Harry S. Truman, the 33rd President of the United States, who served from 1945 to 1953, known for ending World War II by authorizing the use of atomic bombs against Japan.

Historians

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