1. Your cousin Vinnie owns a painting company with fixed costs of $150 and the following schedule for variable costs: QuantityVariable CostAverage Fixed CostAverage Variable CostAverage Total Cost(Houses Painted per Month)(Dollars)(Dollars)(Dollars)(Dollars)115 235 360 490 5135 6240 7480 The efficient scale is houses. ? #2 image :The city government is considering two tax proposals:•A lump-sum tax of $300 on each producer of hamburgers.•A tax of $1 per burger, paid by producers of hamburgers. Which of the following statements is true as a result of the lump-sum tax? Check all that apply. Which of the following statements is true as a result of the lump-sum tax? Check all that apply.Average variable cost will increase. Average total cost will increase. Average fixed cost will decrease. Marginal cost will remain unchanged. Which of the following statements is true as a result of the per-burger tax? Check all that apply.Marginal cost will remain unchanged. Average fixed cost will remain unchanged. Average variable cost will increase. Average total cost will increase. roblems & Applications(Ch 13)The city government is considering two tax proposals:• A lump-sum tax of $300 on each producer of hamburgers.• A tax of $1 per burger, paid by producers of hamburgers.Which of the following statements is true as a result of the lump-sum tax? Check all that apply.Average variable cost will increase.Average total cost will increase.Average fixed cost will decrease.Marginal cost will remain unchanged.Which of the following statements is true as a result of the per-burger tax? Check all that apply.Marginal cost will remain unchanged.Average fixed cost will remain unchanged.Average variable cost will increase.Average total cost will increase. Problems & Applications(Ch 13)Attempts:Average: /27. Problems and Applications Q7Your cousin Vinnie owns a painting company with fixed costs of $150 and the following schedule for variable costs:QuantityVariable CostAverage Fixed CostAverage Variable CostAverage Total Cost(Houses Painted per Month)(Dollars)(Dollars)(Dollars)(Dollars)15353609041355.2409.480houses.The efficient scale is2.

Hello, thank you for the question. Since there are multiple questions asked here, only the first question will be answered and if you need an answer to other question, please repost the question.Consider the following table. The efficient scale of a firm is the quantity produced at where the Average Total Cost (ATC) is at the minimum. So, the minimum ATC is $57, where the efficient scale is 5 units.

Answered: Your cousin Vinnie owns a painting…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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1. Your cousin Vinnie owns a painting company with fixed costs of $150 and the following schedule for variable costs:

Quantity	Variable Cost	Average Fixed Cost	Average Variable Cost	Average Total Cost
(Houses Painted per Month)	(Dollars)	(Dollars)	(Dollars)	(Dollars)
1	15
2	35
3	60
4	90
5	135
6	240
7	480

The efficient scale is

houses. ?

#2 image :

The city government is considering two tax proposals:

•	A lump-sum tax of $300 on each producer of hamburgers.
•	A tax of $1 per burger, paid by producers of hamburgers.

Which of the following statements is true as a result of the lump-sum tax? Check all that apply.

Which of the following statements is true as a result of the lump-sum tax?

Check all that apply.

Average variable cost will increase.

Average total cost will increase.

Average fixed cost will decrease.

Marginal cost will remain unchanged.

Which of the following statements is true as a result of the per-burger tax? Check all that apply.

Marginal cost will remain unchanged.

Average fixed cost will remain unchanged.

Average variable cost will increase.

Average total cost will increase.

roblems & Applications(Ch 13)
The city government is considering two tax proposals:
• A lump-sum tax of $300 on each producer of hamburgers.
• A tax of $1 per burger, paid by producers of hamburgers.
Which of the following statements is true as a result of the lump-sum tax? Check all that apply.
Average variable cost will increase.
Average total cost will increase.
Average fixed cost will decrease.
Marginal cost will remain unchanged.
Which of the following statements is true as a result of the per-burger tax? Check all that apply.
Marginal cost will remain unchanged.
Average fixed cost will remain unchanged.
Average variable cost will increase.
Average total cost will increase.

Problems & Applications(Ch 13)
Attempts:
Average: /2
7. Problems and Applications Q7
Your cousin Vinnie owns a painting company with fixed costs of $150 and the following schedule for variable costs:
Quantity
Variable Cost
Average Fixed Cost
Average Variable Cost
Average Total Cost
(Houses Painted per Month)
(Dollars)
(Dollars)
(Dollars)
(Dollars)
15
35
3
60
90
4
135
5.
240
9.
480
houses.
The efficient scale is
2.

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