Question
The following problem I need to answer the Average fixed, average variable and average total cost as well as the question at the bottom for
The following problem I need to answer the Average fixed, average variable and average total cost as well as the question at the bottom for the efficient scale.
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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