ProPainters hires students at $250 a week to paint houses. It leases equipment at$500 a week. The table below sets out its total product schedule.Labor(students)1235Output(houses paintedper week)259121415If ProPainters paints 12 houses a week, calculate its average total cost?$104.2 per house.$41.7 per house.$83.3 per house.$125 per house.

Cost can be defined as a concept that shows the amount of expenditure and any other sacrifice such…

ProPainters hires students at $250 a week to paint houses. It leases equipment at $500 a week. The table below sets out its total product schedule. Labor (students) 1 2 3 4 5 6 Output (houses painted per week) 2 5 9 12 14 15 If ProPainters paints 12 houses a week, calculate its average total cost? $104.2 per house. $41.7 per house. $83.3 per house. $125 per house.

ProPainters hires students at $250 a week to paint houses. It leases equipment at $500 a week. The table below sets out its total product schedule. Labor (students) 1 2 3 4 5 6 Output (houses painted per week) 2 5 9 12 14 15 If ProPainters paints 12 houses a week, calculate its average total cost? $104.2 per house. $41.7 per house. $83.3 per house. $125 per house.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

ProPainters hires students at $250 a week to paint houses. It leases equipment at
$500 a week. The table below sets out its total product schedule.
Labor
(students)
1
2
3
5
Output
(houses painted
per week)
2
5
9
12
14
15
If ProPainters paints 12 houses a week, calculate its average total cost?
$104.2 per house.
$41.7 per house.
$83.3 per house.
$125 per house.

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