Solution-Giving reasons state whether the following

Giving reasons state whether the following statements are

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Reference no: EM131126809

Giving reasons state whether the following statements are true or false:

a. Elasticity of supply is equal to one only if supply curve forms an angle of 45 degrees at the origin.

b. With increase in level of output, average fixed cost goes on falling till it reaches zero.

c. Under diminishing returns to a factor, total product continues to increase till marginal product reaches zero.

Reference no: EM131126809

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Giving reasons state whether the following statements are : Giving reasons state whether the following statements are true or false: Elasticity of supply is equal to one only if supply curve forms an angle of 45 degrees at the origin. With increase in level of output, average fixed cost goes on falling till i..

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Giving reasons state whether the following statements are

Reference no: EM131126809

Reference no: EM131126809

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