Your cousin Vinnie owns a painting company with fixed costs of $200 and the following schedule for
Question:
Your cousin Vinnie owns a painting company with fixed costs of $200 and the following schedule for variable costs:
Quantity of houses painted per month:
1 2 3 4 5 6 7 8
Variable costs:
$10, $20, $40, $80, $160, $320, $640
Calculate average fixed cost, average variable cost, and average total cost for each quantity. What is the efficient scale of the painting company?
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Computation of the following Table Houses Variable cost Fixed Cost Total Cost Ma...View the full answer
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Khizar Hayat Shah
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