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. At Greene Enterprises, average variable cost (AVC) reaches its minimum value at ________.
A. $43.33
B. $39.64
C. $28.00
D. $82.00
E. $31.67
Answer: E
You might also like to view...
The cost disease of personal services is caused by
A. falling labor productivity across industries. B. uneven productivity growth across industries. C. the excludability of personal services. D. the nonexcludability of personal services.
If an increase in government spending of 40 units accompanied by an equal increase in taxes caused equilibrium income to rise by 40 units, the autonomous expenditure multiplier must be
a. 10. b. 1. c. 4. d. not enough information is given to calculate the multiplier.
If the demand for a good is price inelastic, a decrease in total revenue from the good would result from a(n)
a. increase in price b. decrease in quantity demanded c. favorable shift in tastes and preferences d. decrease in price e. increase in consumers' incomes
Which of the following is an open market purchase?
a. When private individuals sell government bonds b. When the Fed sells government bonds c. When private individuals purchase government bonds d. When bond dealers buy government bonds from the fed e. When the Fed buys government bonds