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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Author:Tucker, Irvin B.
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Chapter6: Proudction Costs
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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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