The cost structure of a manufacturer of microchips is described in the table shown below. The firm's fixed costs equal $10.000 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) Average Variable Cost (S) Average Fixed Cost (S) Total Cost of Output $10,000 60,000 Output (microchips per day) Average Total Cost (S) 30,000 55,000 95,000 80,000 150,000 105,000 220,000 130,000 325,000 155,000 465,000 OODODO OODDOO

The cost structure of a manufacturer of microchips is described in the table shown below. The firm's fixed costs equal $10.000 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) Average Variable Cost (S) Average Fixed Cost (S) Total Cost of Output $10,000 60,000 Output (microchips per day) Average Total Cost (S) 30,000 55,000 95,000 80,000 150,000 105,000 220,000 130,000 325,000 155,000 465,000 OODODO OODDOO

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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