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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 1

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.What is total variable cost (TVC) at Greene Enterprises when average variable cost (AVC) is at its minimum?


A) $48,000
B) $101,101
C) $137,222
D) $190,476
E) $437,212

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