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Question 3 (5 points) able 7.1 presents the cost schedule for David's Production. If David produces three pencils. David's average variable costs are: Labor Number

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Question 3 (5 points) able 7.1 presents the cost schedule for David's Production. If David produces three pencils. David's average variable costs are: Labor Number of Fixed Variable Average Marginal of Pencils Cost cost variable cost cost $100 $100 $10 2 2 $100 $15 $100 $20 $ 6 Table 7.1 $120 $6.66 O Oso

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