Your cousin Mark owns a painting company with fixed costs of 200 and the following schedule for
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Your cousin Mark owns a painting company with fixed costs of €200 and the following schedule for variable costs:
Calculate average fixed cost, average variable cost and average total cost for each quantity. What is the efficient scale of Mark’s company?
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Quantity of houses 1 2 3 4 LO 5 6 7 painted per month Variable costs 10 20 40 80 160 320 640
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