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Y5 Need well structured and detailed answers for both parts (6+4) 5. a. Using a diagram discuss the shapes of Total product, Average product and

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Y5

Need well structured and detailed answers for both parts

image text in transcribed
(6+4) 5. a. Using a diagram discuss the shapes of Total product, Average product and Marginal product curves. Hence show the stages of production and indicate the most efficient stage. b. Explain the shapes of short run cost curves. (5+5)

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