The Manager of Greene Enterprises,Inc

question 46

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.When Greene's output is 2,000 units,what is short-run marginal cost SMC) ?

• A)$20
• B)$42
• C)$72
• D)$90
• E)$100

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Definitions:

Stimulant

A substance that raises levels of physiological or nervous activity in the body, commonly used to increase alertness or physical energy.

THC

Tetrahydrocannabinol, the main psychoactive compound in cannabis that produces the sensation of being 'high'.

Active Ingredient

The component of a medication or substance that is biologically effective and responsible for its intended effects.

PCP

Phencyclidine, a dissociative drug known for its mind-altering effects, which can include delusions and hallucinations.