The Manager of Greene Enterprises,Inc

question 36

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.At what level of output does average variable cost AVC) reach its minimum value for Greene Enterprises?

• A)800
• B)3,144
• C)3,800
• D)4,333
• E)51,672