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.If Greene Enterprises produces 6,000 units of output,what is estimated short-run marginal cost SMC)?
A)$45.60
B)$62.40
C)$83
D)$92
E)$100

Question

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.If Greene Enterprises produces 6,000 units of output,what is estimated short-run marginal cost SMC)?
A)$45.60 
B)$62.40 
C)$83 
D)$92 
E)$100

Quizplus · Accepted Answer

The Answer of 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.If Greene Enterprises produces 6,000 units of output,what is estimated short-run marginal cost SMC)?
A)$45.60 
B)$62.40 
C)$83 
D)$92 
E)$100

The Manager of Greene Enterprises,Inc