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Question: the cost structure of a manufacturer of microchips is described...

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The cost structure of a manufacturer of microchips is described in the table shown below The firms 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.) Total Cost of Output $15,000 65,000 100,000 155,000 225,000 330,000 470,000 Average Variable Cost ($) Average Fixed Cost (S) Average Total Cost ($) (microchips per day) 15,000 40,000 65,000 90,000 115,000 140,000

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