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

Question 17

Multiple Choice

Refer to Greene Enterprises, Inc., whose manager 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

Correct Answer:

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