Compute average fixed cost average variable cost

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Reference no: EM1358964

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

Compute average fixed cost, average variable cost, and average total cost for each quantity. What is the efficient scale of the painting company?

Reference no: EM1358964

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