The Manager of Greene Enterprises,Inc

question 37

Multiple Choice

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.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:

Forward Exchange Rate

An agreed-upon exchange rate for currencies to be exchanged at a future date, used in hedging and trading strategies.

Premium

An amount paid for an insurance policy or the amount by which the price of a bond exceeds its face value.

Foreign Exchange Market

A global marketplace for exchanging national currencies against each other.

Financial Market

An arena where buyers and sellers participate in the trade of assets such as equities, bonds, currencies, and derivatives.