Q72
Assertion (A): Comparative cost theory is static in character. Reason (R): Comparative cost theory is based on fixed supplies of factors of production
A.
(A) is correct, but (R) is incorrect
B.
(R) is correct, but (A) is incorrect
C.
Both (A) and (R) are correct, but (R) is not the correct explanation of (A)
D.
Both (A) and (R) are correct and (R) is the correct explanation of (A)
AnswerAnswer: Option D
Solution
Answer: Option D
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