The cost structure of a manufacturer of microchips is described in the table shown below.   The​ firm's fixed costs equal ​$15​,000 per day. Calculate the average variable cost​, average fixed cost​, and average total cost at each output level. (Your answers should be rounded to the nearest cent.​) Output ​(microchips per​ day) Total Cost of Output Average Variable Cost​ ($) Average Fixed Cost​ ($) Average Total Cost​ ($) 0 ​$15​,000  − − − 25​,000 65​,000       50​,000 100​,000       75​,000 155​,000       100​,000 225​,000       125​,000 330​,000       150​,000 470​,000

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: The Cost Of Production
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The cost structure of a manufacturer of microchips is described in the table shown below.
 
The​ firm's fixed costs equal ​$15​,000 per day. Calculate the average variable cost​, average fixed cost​, and average total cost at each output level. (Your answers should be rounded to the nearest cent.​)
Output
​(microchips per​ day)
Total Cost of
Output
Average
Variable Cost​ ($)
Average
Fixed Cost​ ($)
Average
Total Cost​ ($)
0
​$15​,000
 −
25​,000
65​,000
     
50​,000
100​,000
     
75​,000
155​,000
     
100​,000
225​,000
     
125​,000
330​,000
     
150​,000
470​,000
     
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