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,average variable cost (AVC) is
A) rising
B) falling
C) greater than short-run marginal cost
D) less than short-run marginal cost
E) both b and c
Correct Answer:

Verified
Correct Answer:
Verified
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