Solved Assertion A: U-shaped long-run average cost curve is based

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Increasing Returns to Scale, Constant Returns to Scale, and Diminishing Returns to Scale which is also one of the reasons because of which the Long Run Average Curve is U-shaped. I recommend Eduncle study material & services https://1investing.in/ are best to crack UGC-NET exam because the material is developed by subject experts. Eduncle material consists a good no. of ques with online test series & mock test papers. This will result in economies of scale.

The presence of increasing returns to scale in an industry leads to :

However, after a certain output, a firm may experience diseconomies of scale. If a firm has high fixed costs, the increasing output will lead to lower average costs. The long-run cost curves are U-shaped due to economies of scale and diseconomies of scale.

For example, in a big firm, it is more difficult to communicate and coordinate workers. Thus, economies of scale prevail at small levels of production, and diseconomies of scale prevail at a larger level of production. In the long-run, three returns to scale operate i.e.

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• Thanks Eduncle.
• Eduncle served as my guiding light.
• I recommend Eduncle study material & services are best to crack UGC-NET exam because the material is developed by subject experts.
• Eduncle Mentorship Services guides you step by step regarding your syllabus, books to be used to study a subject, weightage, important stuff, etc.
• It has a responsive doubt solving team which solves & provides good solutions for your queries within 24 hours.

By qualifying this exam, candidates will be deemed eligible for JRF and Assistant Professor posts in Universities and Institutes across the country. Diminishing returns to scale ensure that the size of the productive firms cannot be infinitely large. The study material of Eduncle helps me a lot. The unit wise questions and test series were helpful. It helped me to clear my doubts. When I could not understand a topic, the faculty support too was good.

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UGC NET Final ResultOut on 5th November 2022. Along with the results UGC has also released the UGC NET Cut-Off.The candidates just need their application number and DOB to view their results. The answer key for all phases of the UGC NET Merged Cycle was released on 2nd November 2022. The UGC NET CBT exam consists of two papers – Paper I and Paper II. Paper I consists of 50 questions and Paper II consists of 100 questions.

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