Refer to the Information Provided in Figure 8

Multiple Choice

Refer to the information provided in Figure 8.6 below to answer the question(s) that follow. Figure 8.6
-Refer to Figure 8.6. Outdoor Equipmentʹs ________ are minimized at the output level where curves 1 and 3 intersect.

A) average variable costs
B) average total costs
C) average fixed costs
D) marginal costs