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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

    • 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.

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