The following graph shows average fixed costs, average variable costs, average total costs, and marginal costs of production. 
Average variable cost is minimized when output equals:
Definitions:
Computed
Refers to something that has been determined or calculated using a computer or calculator.
Net Present Value
A method used in capital budgeting to assess the profitability of an investment or project, calculated by discounting the expected future cash flows to their present values and subtracting the initial investment.
Present Value
The immediate value of a future amount of money or a series of payments, discounted at a given rate of return.
Compound Interest
Interest calculated on the initial principal and also on the accumulated interest of previous periods.
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