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 2,000 units, what is short-run marginal cost (SMC) ?
A) $20
B) $42
C) $72
D) $90
E) $100
Correct Answer:

Verified
Correct Answer:
Verified
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