Question

Assertion (A): Opportunity cost is always equal to the

Q: Answer-Assertion (A): Opportunity cost is always equal to the monetary cost of a commodity. Reason (R): Opp...

Assertion is false because opportunity cost is not always monetary. It can be time, satisfaction, or any alternative benefit. Reason is correct, as it defines opportunity cost accurately.

monetary cost of a commodity. Reason (R): Opportunity cost refers to the next best alternative sacrificed.

A Both A and R are true, and R is the correct explanation

B Both A and R are true, but R is not the correct explanation

C A is true but R is false

D A is false but R is true

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UPSC EO/AO

Assertion (A): Opportunity cost is always equal to the

Solution

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