Refer to Greene Enterprises, Inc., whose manager recently estimated its average variable cost (AVC) function to be

$$A V C = 88 - 0.026 Q + 0.000003 Q ^ { 2 }$$
Greene Enterprises faces total fixed costs (TFC) of $300,000.
-When Greene Enterprises produces 6,000 units, average variable cost (AVC) is $_________.
A) $40
B) $49.62
C) $55
D) $60
E) $72.46

Question

Refer to Greene Enterprises, Inc., whose manager recently estimated its average variable cost (AVC) function to be

$$A V C = 88 - 0.026 Q + 0.000003 Q ^ { 2 }$$ 
Greene Enterprises faces total fixed costs (TFC) of $300,000.
-When Greene Enterprises produces 6,000 units, average variable cost (AVC) is $_________.
A) $40
B) $49.62
C) $55
D) $60
E) $72.46

Quizplus · Accepted Answer

The Answer of Refer to Greene Enterprises, Inc., whose manager recently estimated its average variable cost (AVC) function to be

$$A V C = 88 - 0.026 Q + 0.000003 Q ^ { 2 }$$ 
Greene Enterprises faces total fixed costs (TFC) of $300,000.
-When Greene Enterprises produces 6,000 units, average variable cost (AVC) is $_________.
A) $40
B) $49.62
C) $55
D) $60
E) $72.46

Refer to Greene Enterprises, Inc AVC=88−0.026Q+0.000003Q2A V C = 88 - 0.026 Q + 0.000003 Q ^ { 2 }AVC=88−0.026Q+0.000003Q2

Refer to Greene Enterprises, Inc $A V C = 88 - 0.026 Q + 0.000003 Q ^ { 2 }$