Assertion (A): The comparative cost theory is static in character.
Reason (R): The comparative cost theory is based on fixed supplies of factors of production.
A. (A) is correct, but (R) is incorrect
B. (R) is correct, but (A) is incorrect
C. (A) and (R) both are correct, but (R) is not the correct explanation of (A)
D. (A)and (R) both are correct, and (R) is the correct explanation of (A)
Answer: Option D
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