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Agriculture · Q364

Agricultural Economics

Graduate and Post Graduate · Agriculture · question 364

Q364

In the short-run, average cost, average variable cost and marginal cost curves are U-shaped due to the operation of

A.
Law of equimarginal returns
B.
Substitution between two factor inputs
C.
Law of variable proportion
Answer
D.
Time comparison principle

Answer: Option C

Solution

Answer: Option C
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