In Figure 7.4 which of the following statements is not true? Figure 7.4 Graph-Three U-shaped curves; one U-shaped curve is below another, and the third U-shaped curve, which is further below the previous two, intersects the previous two at their lowest point In Figure 7.4 which of the following statements is not true? The average cost curve is the highest because AC=AVC+AFC. Average cost and average variable will never touch because the distance between these two curves is average fixed cost. Marginal cost goes through the minimum of average variable cost and average cost. When marginal cost is at its minimum, average cost equals to it