question_answer

State whether the following statements are true or false. Give reasons.             

(i) Marginal revenue curve lies above the average revenue curve.

(ii) Average fixed cost can fall to zero.

(iii) Total physical product tends to increase in all stages of the law of variable proportions.

Or What are the assumptions which are followed while studying law of variable proportions? Also, write any two ways by which this law can be postponed.   

Answer:

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