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The Manager of Greene Enterprises,Inc

Question 46

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,what is short-run marginal cost SMC) ? A) $20 B) $42 C) $72 D) $90 E) $100 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

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