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1.) The cost structure of a manufacturer of microships is described in the table shown below. The firm's fixed costs equal $15,000 per day. Calculate the average variable cost, average fixed cost, and average total cost at each output level. (Your answer should be rounded to the nearest cent.) Average Average Output Total Average Fixed Total (microchips per day) Cost of Variable Cost Cost Output Cost ($) ($) ($) 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 How I calculate this?

1.) The cost structure of a manufacturer of microships is described in the table shown below. The firm's fixed costs equal $15,000 per day. Calculate the average variable cost, average fixed cost, and average total cost at each output level. (Your answer should be rounded to the nearest cent.) Average Average Output Total Average Fixed Total (microchips per day) Cost of Variable Cost Cost Output Cost ($) ($) ($) 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 How I calculate this?

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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1.) The cost structure of a manufacturer of microships is described in the table shown below. The firm's fixed costs equal $15,000 per day. Calculate the average variable cost, average fixed cost, and average total cost at each output level. (Your answer should be rounded to the nearest cent.) Average Average Output Total Average Fixed Total (microchips per day) Cost of Variable Cost Cost Output Cost ($) ($) ($) 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 How I calculate this?
Transcribed Image Text:1.) The cost structure of a manufacturer of microships is described in the table shown below. The firm's fixed costs equal $15,000 per day. Calculate the average variable cost, average fixed cost, and average total cost at each output level. (Your answer should be rounded to the nearest cent.) Average Average Output Total Average Fixed Total (microchips per day) Cost of Variable Cost Cost Output Cost ($) ($) ($) 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 How I calculate this?
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