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The Manager of Greene Enterprises,Inc

Question 31

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.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 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

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