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4. Firm's Costs Your cousin Vinnie owns a painting company with fixed costs of $200 and the following schedule for variable costs: Quantity Variable Cost

4. Firm's Costs

Your cousin Vinnie owns a painting company with fixed costs of $200 and the following schedule for variable costs:

Quantity Variable Cost Average Fixed Cost Average Variable Cost Average Total Cost
(Houses Painted per Month) (Dollars) (Dollars) (Dollars) (Dollars)
1 10
2 20
3 40
4 80
5 160
6 320
7 640

The efficient scale is

houses.

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