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Nilanjan Bhowmick AIR 3, CSIR NET (Earth Science)
Rucha rajesh shingvekar
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.
our material is telling that answer is MR
Option (a) is correct