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 what level of output does average variable cost (AVC) reach its minimum value for Greene Enterprises?
A. 4,333
B. 51,672
C. 3,800
D. 3,144
E. 800
Answer: A
You might also like to view...
Use the following graph, which shows the market for euros, to answer the next question.
Assume the U.S. and European governments adopt a system of flexible exchange rates. If more people in Europe decide to purchase U.S. cars, what effect will this have on the market for euros?
A. The supply of euros will decrease. B. The supply of euros will increase. C. The demand for euros will decrease. D. The demand for euros will increase.
Which measure of inflation best reflects changing prices for the average consumer?
A. Headline inflation B. Core inflation C. Hyper inflation D. Nominal inflation
What two numbers do you need to compute the unemployment rate?
A. The number of employed persons and the number of unemployed persons B. The number of unemployed persons and the number of discouraged workers C. The number of unemployed persons and the size of the population D. The number of persons in the labor force and the size of the population
Consider the monopoly in the figure below with price regulated at $20 per unit. Consumer surplus at the regulated price is: 
A. $500. B. $2,300. C. $3,920. D. There is insufficient information to determine consumer surplus.