Use the following to answer question: 
-(Figure: Short-Run Costs II) Use Figure: Short-Run Costs II.Curve 1 crosses the average total cost curve at:
Definitions:
Strike Price
The predetermined price at which an option contract can be exercised to buy or sell the underlying asset.
Option's Value
The intrinsic and time value associated with an options contract, determining the premium at which it trades on the market.
Variable
An element, feature, or factor that is liable to vary or change.
Option Vega
A measure of an option's sensitivity to changes in the volatility of the underlying asset, indicating how much the option's price is expected to move per 1% change in volatility.
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