Your cousin Vinnie owns a painting company with fixed
Chapter , Problem 7(choose chapter or problem)
Your cousin Vinnie owns a painting company with fixed costs of $200 and the following schedule for variable costs:Quantity of Houses Painted per Month1 2 3 4 5 6 7Variable Costs$10 $20 $40 $80 $160 $320 $640Calculate 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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