Parametric studies were conducted using the Fusion Engineering Design Center Tokamak Systems Code to investigate the impact of variation in physics parameters and technology limits on the performance and cost of a low qѱ, high beta, quasi-steady-state tokamak for the purpose of fusion engineering experimentation. The features and characteristics chosen from each study were embodied into a single Advanced Physics Tokamak design for which a self-consistent set of parameters was generated and a value of capital cost was estimated.