When AR =10 and AC =8 the firm makes A)normal profit B)net profit C)gross profit D) supernormal profit
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•Which of the following statemnet is true ? A)accumulayion of capital depends solely on income B) savings can also be affected by state C)external economies go with size and internal economies with location •efficient scale of production is the qty. ...
•Diminishing marginal returns implies A) decreasing AVC B)decreasing MC C)increasing MC D) decreasing AFC •if MP =AP then A)MP is increasing B)MP is decreasing C)AP is decreasing D)AP is not changing
Diminishing marginal returns implies A) decreasing AVC B)decreasing MC C)increasing MC D) decreasing AFC
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Sir please explain economies of scale and diseconomies of scale with example?
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