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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 44

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.If Greene Enterprises produces 6,000 units of output,what is estimated short-run marginal cost (SMC) ?


A) $45.60
B) $62.40
C) $83
D) $92
E) $100

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