Pratishtha Aggarwal posted an Question
May 06, 2022 • 22:16 pm 30 points
  • UGC NET
  • Commerce

Which is an inverted 'u' shaped curve? a)ac b)tc c)fc d)mr

which is an inverted 'U' shaped curve? a)AC b)TC c)FC d)MR

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  • Rucha rajesh shingvekar best-answer

    Correct option is A) The average cost is U-shaped because an increase in output increases the returns and reduces the total cost. As the curve continues to slope downwards, it enters a phase of constant returns where the returns and output are at their optimum level.

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    our material is telling that answer is MR

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    Option (a) is correct

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