The Manager of Greene Enterprises,Inc

question 16

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 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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