(Figure: Cost and Quantity of Output IV) Using the information provided in Figure 7.18, graph the firm's MC, ATC, and AVC curves in one diagram. 
Indicate the minimum points on the AVC and ATC curves. In a separate diagram, show the firm's AFC curve.
Definitions:
Sociologists
Experts in sociology who study the development, structure, and functioning of human society and social problems.
Categories
Classifications or groups into which objects, ideas, or entities are organized based on shared characteristics or attributes.
Market Model
A theoretical construct representing the interactions between buyers and sellers in a market to determine prices and the distribution of goods and services.
Religious Activities
Practices, ceremonies, or observances related to a faith or belief system, often involving worship, rituals, and community gatherings.
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