With the expansion of output, the short-run average cost curve, beyond a point, starts rising because
| A. | More production yields lower per unit price |
| B. | Average fixed cost increases sharply |
| C. | The law of variable proportions applies to short-run production |
| D. | Sales expenses become much larger |
Answer : C Explanation : |
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
