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Decreases ac - PowerPoint PPT Presentation

Costs of Production

Costs of Production. Exam Question 2009 Q 3. Explain the shape of the SRAC curve. Explain the relationship between MCC and ACC. Downward sloping from x to y. 1. Specialisation As more products are made workers become more experienced and efficient. They can make more products per hour.

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Decreases ac - PowerPoint PPT Presentation

Costs of Production