For the Cost Function $C = q ^ { \cdot 8 }~~ v ^ { .4} ~~w ^ { .6 }$

Multiple Choice

For the cost function $C = q ^ { \cdot 8 }~~ v ^ { .4} ~~w ^ { .6 }$ consider the following statements:
I.The function exhibits decreasing average cost.
II.The function is homogeneous of degree 1 in v and w.
III.The elasticity of marginal cost with respect to v exceeds the elasticity with respect to w.

A) None is true.
B) All are true.
C) Only I is true.
D) Only I and II are true.