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Identify the correct statement :a)The average product is at its maximum when marginal product is equal to average product.b)The law of increasing returns to scale relates to the effect of changes in factor proportions.c)Economies of scale arise only because of indivisibilities of factor proportions.d)Internal economies of scale can accrue only to the exporting sector.Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Identify the correct statement :a)The average product is at its maximum when marginal product is equal to average product.b)The law of increasing returns to scale relates to the effect of changes in factor proportions.c)Economies of scale arise only because of indivisibilities of factor proportions.d)Internal economies of scale can accrue only to the exporting sector.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Identify the correct statement :a)The average product is at its maximum when marginal product is equal to average product.b)The law of increasing returns to scale relates to the effect of changes in factor proportions.c)Economies of scale arise only because of indivisibilities of factor proportions.d)Internal economies of scale can accrue only to the exporting sector.Correct answer is option 'A'. Can you explain this answer?.

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