The cost structure of a manufacturer of microchips is described in the following table. The firm's fixed costs equal $10 per day. Calculate the average variable cost, average fixed cost, and average total cost at each output level.
Output (microchips per day) Total cost of Output ($ thousands)
0 ................................................... 10
25 .................................................. 60
50 .................................................. 95
75 ................................................ 150
100 ............................................... 220
125 ............................................... 325
150 ............................................... 465