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Statement-1:At the time of replacement of plant, according to marginal cost technique, the proposal which yields the lowest contribution is to be selected.Statement-II:According to the total cost technique, the proposal which involves the highest costs is to be selected.Select the correct answer from the following

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Statement-1:<br />At the time of replacement of plant, according to marginal cost technique, the proposal which yields the lowest contribution is to be selected.<br />Statement-II:<br />According to the total cost technique, the proposal which involves the highest costs is to be selected.<br />Select the correct answer from the following






 
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