Business Economics

1:

Assertion (A). Marginal cost and differential cost do not convey the same meaning in all the circumstances. 

Reason (R). Differential cost increase or decrease due to change in fixed cost.

A.

(A) is true but (R) is false

B.

(A) is false, but (R) is true.

C.

(A) and (R) are correct and (R) is correct explanation of (A)

D.

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

 

Answer : C

Explanation :

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Option: A

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