Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Production and Costs

Question:
Read the following statements - Assertion (A) and Reason (R):
Assertion (A) Change in Total Cost occur due to change in Total Fixed Cost and Total Variable Cost.
Reason(R) : TC= TFC + TVC
From the given alternatives choose the correct one:
Options:
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
Assertion (A) is true but Reason (R) is false.
Assertion (A) is false but Reason (R) is true.
Correct Answer:
Assertion (A) is false but Reason (R) is true.
Explanation:
Change in TC is due to TVC as TFC do not change.