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The U-shape of the long run average cost curve can be explained by the?
Classroom
Economics Classroom
Jamb
Jamb 1992
Theory Of Costs And Revenue
Short-run And Long-run Costs
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The U-shape of the long run average cost curve can be explained by the?
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Law of increasing returns
B
Law of constant returns
C
Law of diminishing returns
D
Concepts of economies and diseconomies of scale
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Show Explanation
Correct Answer:
Option A
Explanation:
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Study Subjects
Accounts - Principles of Accounts
Animal Husbandry
Aptitude Test
Agricultural Science
Arabic
Auto Mechanics
Basic Electronics
Biology
Bookkeeping
Block laying, bricklaying, and concreting work
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