Use the following to answer questions:
Figure: Short-Run Costs II 
-(Figure: Short-Run Costs II) Look at the figure Short-Run Costs II. Curve 1 crosses the average variable cost curve at:
Definitions:
Variable Cost
Charges that adjust in accordance with the quantity of production or the scale of sales.
Incremental Profit
The additional profit derived from a specific business decision, comparing the profit levels before and after the decision.
Selling Price
The amount at which a product or service is sold to customers.
Variable Cost
Financial outlays that fluctuate based on the activity levels or production volumes within a company.
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