Vinnie’s Painting Company specializes in painting houses. Their cost schedule is as follows: Output TFC TVC TC AFC AVC ATC MC 0. 1000 1. 100 2. 100 3. 400 4. 450 5. 1600 6. 3200 7 6400 A) Given the partial data available, finish the table and calculate all the costs. B)What is the minimum efficient scale of Vinnie’s company? C)What is the marginal cost of 6 houses? D)If Vinnie charges $825 per house, how many houses he should paint to maximize profit
Vinnie’s Painting Company specializes in painting houses. Their cost schedule is as follows:
Output TFC TVC TC AFC
0. 1000
1. 100
2. 100
3. 400
4. 450
5. 1600
6. 3200
7 6400
A) Given the partial data available, finish the table and calculate all the costs.
B)What is the minimum efficient scale of Vinnie’s company?
C)What is the marginal cost of 6 houses?
D)If Vinnie charges $825 per house, how many houses he should paint to maximize profit
Trending now
This is a popular solution!
Step by step
Solved in 4 steps