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Figure: Profit Max/Loss Min A line graph shows the relationship between average total, average variable, and marginal cost.The horizontal axis is labeled Quantity and ranges

Figure: Profit Max/Loss Min A line graph shows the relationship between average total, average variable, and marginal cost.The horizontal axis is labeled Quantity and ranges from 0 to 22 in increments of 2. The vertical axis is labeled Price and ranges from 0 to 16 dollars in increments of 2 dollars. Three curves representing marginal cost (M C), average total cost (A T C), and average variable cost (A V C) are plotted on the graph.? The concave upward average total cost curve labeled A T C passes through the approximate points:? (5, 12)? (8, 10)? (10, 9)? (11, 9)? (15, 10)? (17, 12)? (20, 14).? The concave upward average variable cost curve labeled A V C lies below the average total cost curve and passes through the approximate points:? (2, 10)? (4, 8)? (9, 7)? (13, 8)? (17, 10)? (22, 14).? The concave upward increasing marginal cost curve labeled M C falls to a minimum below the average variable cost curve and increases through the approximate points:? (0, 5)? (1, 4)? (3, 3)? (6, 4)? (8, 6)? (9, 7)? (11, 9)? (12, 10)? (14, 12)? (16, 14)? (18, 16).The marginal cost curve intersects the average variable cost at its

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