Answer the question on the basis of the following cost data: $\begin{array}{c}
\begin{array}{c}
\
\
\underline{\text {Output}}\
1 \
2 \
3 \
4 \
5 \
6 \
7 \
8
\end{array}
\begin{array}{c}
\text {Average}\
\text {Fixed}\
\underline{\text {Cost }}\
\$ 50.00 \
25.00 \
16.67 \
12.50 \
10.00 \
8.37 \
7.14 \
6.25

\end{array}
\begin{array}{c}
\text {Average}\
\text {Variable}\
\underline{\text {Cost }}\
\$ 100.00 \
80.00 \
66.67 \
65.00 \
68.00 \
73.33 \
80.00 \
87.50
\end{array}
\end{array}$
Refer to the data.The marginal cost curve would intersect the average variable cost curve at about:

Question

Answer the question on the basis of the following cost data: $\begin{array}{c}
\begin{array}{c}
\
\
\underline{\text {Output}}\
1 \
2 \
3 \
4 \
5 \
6 \
7 \
8
\end{array}
\begin{array}{c}
\text {Average}\
\text {Fixed}\
\underline{\text {Cost }}\
\$ 50.00  \
25.00 \
16.67 \
12.50 \
10.00 \
8.37 \
7.14 \
6.25

\end{array}
\begin{array}{c}
\text {Average}\
\text {Variable}\
\underline{\text {Cost }}\
 \$ 100.00  \
80.00 \
66.67 \
65.00 \
68.00 \
73.33 \
80.00 \
87.50
\end{array}
\end{array}$
 Refer to the data.The marginal cost curve would intersect the average variable cost curve at about:

Quizplus · Accepted Answer

The marginal cost curve intersects the average variable cost curve at its lowest point. From the data, the average variable cost is lowest at 4 units of output, indicating that this is where the marginal cost curve would intersect the average variable cost curve.

Answer the Question on the Basis of the Following Cost