Question

Your cousin Vinnie owns a painting company with
fixed costs of $200 and the following schedule
for
variable costs:
Quantity
of Houses 1,2,3,4,5,6,7
Painted
per Month
Variable $ 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?​

Answer 1

Answer:

Your cousin Vinnie owns a painting company with

fixed costs of $200 and the following schedule

for

variable costs:

Quantity

of Houses 1,2,3,4,5,6,7

Painted

per Month

Variable $ 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?

please can i have a detailed answer?