MCQOPTIONS
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| 1. |
Assertion (AS): An Iso Cost Line is a straight line.Reason (R): The market rate of exchange between the two inputs is constant.Codes: |
| A. | Both (AS) and (R) are true and (R) is correct explanation of (As). |
| B. | Both (AS) and (R) are true, but (R) is not correct explanation of (AS). |
| C. | (AS) is true, but (R) is false. |
| D. | (AS) is false, but (R) is true. |
| Answer» B. Both (AS) and (R) are true, but (R) is not correct explanation of (AS). | |