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Econ

Based on the following cost data, The marginal cost curve would  intersect the average variable cost curve at about:

                Average            Average
Output      fixed cost        variable cost
   Q              AFC                    AVC
    1            $50.00             $100.00
    2             25.00                 80.00
    3             16.67                 66.67
    4             12.50                 65.00
    5             10.00                 68.00
    6               8.37                 73.33
    7               7.14                 80.00
    8               6.25                 87.50


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