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Question 1:  Sketch the following cost curves and discuss the reasons for the shapes of the curves   (a)    The Marginal Cost Curve (b)   The Average Cost Curve (c)    The Average Fixed Cost Curve (d)   The Average Variable Cost Curve   Question 2 Explain the relationship between the law of diminishing returns and the concept of economies of scale.     Question 3   (a)       ...

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Tags: Australia Jannali Economics Economics Micro Economics University of New South Wales (UNSW) Micro Economics ECON1001  

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