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The Manager of Greene Enterprises,Inc

question 30

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The manager of Greene Enterprises,Inc.,recently estimated its average variable cost AVC) function to be 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.When Greene Enterprises produces 6,000 units,average variable cost AVC) is $_________. A) $40 B) $49.62 C) $55 D) $60 E) $72.46 Greene Enterprises faces total fixed costs TFC) of $300,000.When Greene Enterprises produces 6,000 units,average variable cost AVC) is $_________.

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Definitions:

Local Markets

Physical or virtual places within a defined geographical area where goods and services are bought and sold.

Hard Power

The use of military or economic force to influence the behavior or interests of other political bodies.

Economic Force

A factor that affects the direction and magnitude of economic growth or decline, such as consumer behavior, government policy, or technological innovation.

Military Force

The armed forces of a country, used for defense or in combat situations.

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