Explain the result that more paint the company sold

Reference no: EM13218698

"The Smiths had assumed that large volume would bring profits through lowering unit costs." according to one company report, "The more paint and varnish we sold, the more money we lost." Draw an average cost curve showing the relationship between paint output and average cost as Smith expected it to be. Also draw another average cost curve that explains the result that more paint the company sold, the more money it lost.

Reference no: EM13218698

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