Your cousin Mark owns a painting company with fixed costs of 200 and the following schedule for

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Your cousin Mark owns a painting company with fixed costs of €200 and the following schedule for variable costs:image text in transcribed

Calculate average fixed cost, average variable cost and average total cost for each quantity. What is the efficient scale of Mark’s company?

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Economics

ISBN: 9781473768543

5th Edition

Authors: Gregory Mankiw, Mark P. Taylor

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