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Variable Output TVC TC AFC AVC ATC Marginal Cost 600 1000 1350 V O U A W N A 1780 2500 3600 5600 Use the

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Variable Output TVC TC AFC AVC ATC Marginal Cost 600 1000 1350 V O U A W N A 1780 2500 3600 5600 Use the above table and assume fixed costs of $1000 and selling price of $700 State the minimum point of the ATC curve in dollars and cents. O 783.33 Q 495.00 O 695.00

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