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

Question:

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

Answer» b. U-Shaped

Note: The above multiple-choice question is for all general and Competitive Exams in India