The manager of Greene Enterprises, Inc., recently estimated its average variable cost (AVC) function to beAVC = 88 - 0.026Q + 0.000003Q2Greene Enterprises faces total fixed costs (TFC) of $300,000. When Greene Enterprises produces 6,000 units, average variable cost (AVC) is ________.
A. $72.46
B. $55
C. $60
D. $49.62
E. $40
Answer: E
Economics
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According to the text, Singapore is classified as a less developed country (LDC)
a. True b. False Indicate whether the statement is true or false
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An increase in price will result in a decrease in the quantity supplied.
a. true b. false
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Whenever technology advances, an economy can produce more output with
A. More resources. B. No resources. C. Current resources. D. Fewer resources.
Economics