Sign In
JAMB - Economics (1991 - No. 42)
Consider the following diagram where XYZ represents the average curve of a firm. XY shows that as out put increases the average declines. However, this decline cannot continue indefinitely because
managerial economies
indivisibilities
the extent of the market
the pooling of dissimilar risks
Comments (0)
Login To Comment
Advertisement
Allow javascript to properly load this page