Q.
1

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

 

Codes:

 

  • A

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

     

  • B

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

  • C

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

     

  • D

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