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Bakari Mwangu
Feb 19

Steta the low of costs?

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Feb 19
The law of costs states that as production increases, the average cost per unit decreases. This is because fixed costs are spread out over a larger number of units, leading to economies of scale. However, it is important to note that this relationship may not always hold true in every situation, as there are other factors that can affect costs such as changes in technology, input prices, and market conditions.

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