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The Manager of Greene Enterprises,Inc AVC=880.026Q+0.000003Q2A V C = 88 - 0.026 Q + 0.000003 Q ^ { 2 }

Question 9

Multiple Choice

The manager of Greene Enterprises,Inc.,recently estimated its average variable cost (AVC) function to be AVC=880.026Q+0.000003Q2A V C = 88 - 0.026 Q + 0.000003 Q ^ { 2 } 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

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