Economics, Please Help!?

1. Ace manufacturing produces 1,000 hammers per day. The total fixed cost for the plant is $5,000 per day, and the total variable cost is $15,000 per day. Calculate the average fixed cost, average variable cost, average total cost, and total cost at the current output level.

Answer:
AFC=FC/Q=5000/1000=5
AVC=VC/Q=15000/1000=15
ATC=TC/Q=(FC+VC)/Q=AFC+AVC=5+1...
TC=FC+VC=15000+5000=20000
Sorry, I don't know! Is this Algebra 2?

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