Figure 7.1 -Refer to Figure 7.1. At output level Q₃ A) average fixed cost reaches its minimum. B) average total cost reaches its minimum. C) average variable cost reaches its minimum. D) marginal cost reaches its minimum. E) all of the above

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The Answer of Figure 7.1 -Refer to Figure 7.1. At output level Q₃ A) average fixed cost reaches its minimum. B) average total cost reaches its minimum. C) average variable cost reaches its minimum. D) marginal cost reaches its minimum. E) all of the above

Figure 7.1 -Refer to Figure 7.1. at Output Level Q3

Figure 7.1 -Refer to Figure 7.1. at Output Level Q₃