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Your cousin Vinnie owns a painting company with fixed costs of $250 and the following schedule for variable costs: Qty Variable cost Average Fixed Cost
Your cousin Vinnie owns a painting company with fixed costs of $250 and the following schedule for variable costs:
Qty Variable cost Average Fixed Cost Average Variable Cost Average Total Cost
(Dollars) (Dollars) (Dollars) (Dollars)
1 8
2 20
3 50
4 160
5 320
6 500
7 720
The efficient scale is _______
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