If a Firm's Cost Functions Fit the Standard Stylization, as Its

question 35

Multiple Choice

If a firm's cost functions fit the standard stylization, as its output increases its marginal and average costs:

• A)decrease, then are constant, then increase.
• B)are constant, then increase, then decrease.
• C)increase, then decrease, then are constant.
• D)increase, then are constant, then decrease.