CA CPT Model Test Paper 13 with solutions for online practice

Question : 107 of 200

Marks: +1, -0

Identify the correct statement:

The average product is at its maximum when marginal product is equal to average product.
The law of increasing returns to scale relates to the effect of changes in factor proportions.
Economies of scale arise only because of indivisibilities of factor proportions
Internal economies of scale can accrue only to the exporting sector.

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