Back to AssignmentAttempts4. Firm's CostsYour cousin Vinnie owns a painting company with fixed costs of $200 and the following schedule for variable costs:Quantity(Houses Painted per Month)12356Keep the Highest / 2The efficient scale isVariable Cost Average Fixed Cost Average Variable Cost Average Total Cost(Dollars)(Dollars)(Dollars)houses.(Dollars)102080160320640THEEEE1111111

Total cost is a sum of fixed cost and variable cost. Fixed cost remains constant and does not depend…

Your cousin Vinnie owns a painting company with fixed costs of $200 and the following schedule for variable costs: Quantity (Houses Painted per Month) 1 2 3 4 5 6 7 The efficient scale is Variable Cost Average Fixed Cost Average Variable Cost Average Total Cost (Dollars) (Dollars) (Dollars) houses. (Dollars) 10 20 40 80 160. 320 640 L