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.When Greene's output is 2,000 units,average variable cost AVC)is
A)rising
B)falling
C)greater than short-run marginal cost
D)less than short-run marginal cost
E)both b and c

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.When Greene's output is 2,000 units,average variable cost AVC)is
A)rising 
B)falling 
C)greater than short-run marginal cost 
D)less than short-run marginal cost 
E)both b and c

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.When Greene's output is 2,000 units,average variable cost AVC)is
A)rising 
B)falling 
C)greater than short-run marginal cost 
D)less than short-run marginal cost 
E)both b and c

The Manager of Greene Enterprises,Inc