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Question

Short-run cost curve are influenced by ____________.

A
principle of returns to scale
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B
law of variable proportions
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C
external and internal economies and diseconomies
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D
none of the above
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Solution

The correct option is C law of variable proportions
Under short-run only the law of variable proportion is applicable, since short-run is characterised with at least one fixed factor and one variable factor.

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