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
Correct Answer:

Verified
Correct Answer:
Verified
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