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प्रश्न
Why is the AVC curve U-shaped?
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उत्तर
Because of the law of variable proportion, the AVC curve is U-shaped. AVC decreases when AP increases. As AP increases, AVC decreases, and as AP decreases, AVC begins to rise.
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संबंधित प्रश्न
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What is the formula for calculating Average Product?
Which stage is shown when total production drops and marginal product becomes negative?
