Multiple Choice
Refer to Greene Enterprises, Inc., whose manager 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 6,000 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 a and d
Correct Answer:

Verified
Correct Answer:
Verified
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