Long-run average cost curve falls due to the application of ______

CS CSEET · Business Economics & Fundamentals of Accounting and Auditing · PYQS · June 2013
Long-run average cost curve falls due to the application of ______
(A) The law of increasing returns to a factor
(B) The law of increasing returns to scale
(C) The law of variable proportions
(D) The law of demand.

Answer & Explanation:

Correct Answer: Option (B)

Correct answer: (B) The law of increasing returns to scale.

Topics: Business Economics

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic