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Your cousin Vinnie owns a painting company with fixed costs of $150 and the following schedule for variable costs: Quantity Variable Cost Average Fixed Cost
Your cousin Vinnie owns a painting company with fixed costs of $150 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) 15 2 35 3 60 4 90 135 240 480 The efficient scale is houses.Your cousin Vinnie owns a painting company with fixed costs of $150 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) 15 2 35 15.00 3 60 4 90 100.00 5 135 150.00 6 240 165.00 7 480 The efficient scale is houses.Quantity Variable Cost Average Fixed Cost Average Variable Cost Average Total Cost (Houses Painted per Month) (Dollars) (Dollars) ( Dollars) (Dollars) 15 2 35 3 60 17.50 4 90 135 50.00 240 75.00 480 92.50Quantity Variable Cost Average Fixed Cost Average Variable Cost Average Total Cost (Houses Painted per Month) ( Dollars) ( Dollars) ( Dollars) (Dollars) 1 15 2 35 3 60 90 20.00 135 240 50.00 480 50.33 70.00 The efficient scale is22.50 Quantity Variable Cost Aver ed Cost Average Variable Cost Average Total Cost (Houses Painted per Month) ( Dollars) 37.50 ( Dollars) (Dollars) 15 40.00 35 60.00 60 4 90 135 6 240 7 480Quantity Variable Cost Aver d Cost Average Variable Cost Average Total Cost 27.00 (Houses Painted per Month) ( Dollars) s) ( Dollars) (Dollars) 15 30.00 35 50.00 3 60 57.00 90 135 Un 6 240 480Quantity Variable Cost Average Fixed Cost Average Variable Cost Average Total Cost (Houses Painted per Month) (Dollars) ( Dollars) (Dollars) 25.00 15 2 35 40.00 60 60.33 90 65.00 5 135 6 240 480Quantity Variable Cost Average Fixed Cost Average Variable Cost Average Total Cost (Houses Painted per Month) ( Dollars) ( Dollars) (Dollars) ( Dollars) 15 21.43 2 35 3 60 68.57 90 90.00 Un 135 100.00 6 240 480 The efficient scale is houses
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