As the firm increases its output, how does the firm's marginal cost of production change?
Marginal cost

Question

As the firm increases its output, how does the firm's marginal cost of production change? 
 Marginal cost

Answer

decreases until it reaches its minimum value and then increases.

Answer

decreases until it reaches its minimum value and then remains constant.

Answer

increases by smaller and smaller amounts.

Answer

decreases by smaller and smaller amounts.

Answer

increases until it reaches its maximum value and then remains constant.

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