Economy, asked by nayakkuraja, 6 days ago

8: With the expansion of output, the short-run
average cost curve, beyond a point, starts rising
because​

Answers

Answered by KamilSinghThakur
2

Explanation:

With the expansion of output, the short-run average cost curve, beyond a point, starts rising because the law of variable proportion applies to short-run production, implying diminishing returns from variable factors.

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