# Ace Manufacturing produces 1,000 hammers per day.  The total fixed cost for the plant is $5,000 per day, and the total variable cost is$15,000 per day.  Calculate the average fixed cost, average variable cost, and average total cost, and total cost at the current output level.

Question

Ace Manufacturing produces 1,000 hammers per day.  The total fixed cost for the plant is $5,000 per day, and the total variable cost is$15,000 per day.  Calculate the average fixed cost, average variable cost, and average total cost, and total cost at the current output level.

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