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प्रश्न
Mark the right option about the shape of the AVC curve.
पर्याय
U-shaped
(b) Horizontal straight line
Vertical straight line
None of these
MCQ
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उत्तर
U-shaped
Explanation:
Average variable cost usually falls at first and then rises as output increases, due to the law of variable proportions. Hence, the AVC curve is U-shaped.
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