The average variable costs of a company are equal to $30 per unit produced at its current level of output in the short run. Its average fixed costs are equal to $40 per unit produced. The total costs at this output level are equal to $7,000.

• What is the company's current output level? (2 points)
• What are the total variable costs at this output level? (1.5 points)
• What are the total fixed costs? (1.5 points)