TABLE 7-3 Quantity of Bicycles (in thousands) 0 1 2 3 4 5 6 Total Cost of Production (in thousands) $5 $8 $12 $16.5 $20 $27.5 $36 Refer to Table 7-3. At what level of output (in thousands) is average total cost minimized? Question 32 options: 1 2 3 4