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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 | 200.00 | ||
2 | 20 | 100.00 | ||
3 | 40 | 66.67 | ||
4 | 80 | 50.00 | ||
5 | 160 | 40.00 | ||
6 | 320 | 33.33 | ||
7 | 640 | 28.57 |
The efficient scale is
houses.
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