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4. Firm's Costs Your cousin Vinnie owns a painting company with fixed costs of $250 and the following schedule for variable costs: Quantity (Houses Painted
4. Firm's Costs
Your cousin Vinnie owns a painting company with fixed costs of $250 and the following schedule for variable costs:
Quantity (Houses Painted per Month) | Variable Cost (Dollars) | Average Fixed Cost (Dollars) | Average Variable Cost (Dollars) | Average Total Cost (Dollars) |
---|---|---|---|---|
1 | 8 | |||
2 | 20 | |||
3 | 50 | |||
4 | 160 | |||
5 | 320 | |||
6 | 500 | |||
7 | 720 |
The efficient scale is ___________ houses.
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