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

by
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.