Due to the operation of ‘Laws of return to Scale’ LAC curve is | Faculties

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📊 Fundamentals of Economics

Q. Due to the operation of ‘Laws of return to Scale’ LAC curve is

(A) Rectangular hyperbola
(B) U-Shaped
(C) Parallel to the horizontal axis
(D) Parallel to the vertical axis

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✅ Correct Answer: (B) U-Shaped

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