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CSS Solved Papers
Physics Chemistry

CSS :: Demand and Supply


  Identify the correct statement:
[A]. The average product is at its maximum when the marginal product is equal to the average product[B]. The law of increasing returns relates to the effect of changes in factor proportions
[C]. Economies of scale arise only because of indivisibilities of factors of production[D]. The production possibility curve and the transformation curve are different curves

Answer: Option C


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