Assertion A Comparative cost theory is static in character 2 marks Reason R Comparative co...........

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Assertion (A) : Comparative cost theory is static in character. (2 marks)

Reason (R) : Comparative cost theory is based on fixed supplies of factors of production.

Codes :

(A) is correct, but (R) is incorrect.

(R) is correct, but (A) is incorrect.

(A) and (R) both are correct, but (R) is not the correct explanation of (A).

(A) and (R) both are correct and (R) is the correct explanation of (A).

(R) is correct, but (A) is incorrect.

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