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Thursday, 09 April 2026
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What accounts for the ‘U-shaped’ of the short run average cost (AC) curve?

What accounts for the ‘U-shaped’ of the short run average cost (AC) curve?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A The law of variable proportions
  • B Increasing returns to scale
  • C Decreasing use of inputs
  • D Change output during the production period
Correct Answer: Option A
Explanation:

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