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The Manager of Greene Enterprises,Inc

Question 37

Multiple Choice

The manager of Greene Enterprises,Inc.,recently estimated its average variable cost AVC) function to be 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.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 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

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