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      Question

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

      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 Correct Answer Incorrect Answer
      B Both A and R are true, but R is not the correct explanation Correct Answer Incorrect Answer
      C A is true but R is false Correct Answer Incorrect Answer
      D A is false but R is true Correct Answer Incorrect Answer

      Solution

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

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