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The shape of the long-run average cost curve is best explained by the ____________
Classroom
Economics Classroom
Post Utme
Post Utme 0
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The shape of the long-run average cost curve is best explained by the ____________
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Law of diminishing returns
B
Iaw of returns to scale
C
Cost of fixed inputs
D
Cost of variable inputs
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Show Explanation
Correct Answer:
Option D
Explanation:
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