If Pro Painters paints 12 houses a week, calculate its total cost, average total cost, and marginal cost. At what output is average total cost a minimum?

Pro Painters hires students at $250 a week to paint houses. It leases equipment at $500 a week. The table sets out its total product schedule.

Transcribed Image Text:

Labor (students) 12345 2 4 5 6 Output (houses painted per week) 2 25 9 12 14 15