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

question 43

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.
-At Greene Enterprises, average variable cost (AVC) reaches its minimum value at $________.

• A) $28.00
• B) $31.67
• C) $39.64
• D) $43.33
• E) $82.00

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Definitions:

Organizations

Entities composed of individuals working together towards common goals or objectives.

Shared Leadership

A leadership model where control and decision-making responsibilities are distributed among members of a team or organization.

Emergent

The process of arising or appearing unexpectedly, often describing processes or patterns that develop without a central, organizing principle.

Dynamic

Characterized by constant change, activity, or progress.