Refer to the table and information below. The average total cost of the firm when 3 units of output are being produced is:

A firm will produce at the point where their total cost line hits the ___________ isoquant curve.

Fill in the blank(s) with the appropriate word(s).

Which of the following statements is true?

A) Theories are statistics that describe the real world. B) Hypotheses are predictions that can be tested with data. C) Data are facts established by observation and measurement. D) Empirical evidences are facts, measurements, or statistics that describe the world.