In the figure given below,curves F,C,and G denote the total cost,the total variable cost,and the total fixed cost of a firm. 
-Refer to Figure 8-1.Which of the following is true at the output level BT?
Definitions:
Separate Legal Entity
An entity, such as a corporation or limited liability company, recognized by law as having rights and obligations distinct from those of its members or owners.
Cumulative Feature
A characteristic of certain financial instruments or policies that allows for the accumulation of unpaid amounts or benefits over time.
Preferred Stockholders
Investors who own preferred shares in a company, which typically provide dividends before common stock and have priority over common shareholders in asset liquidation.
Par Value
The nominal or face value of a bond, share of stock, or other financial instrument, representing the value at which it is issued.
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