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MICROECONOMICS CH : 10 PRODUCER'S EQUILIBRIUM — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 10 PRODUCER'S EQUILIBRIUM1 Mark
MCQ
Assertion (A) : If minimum return is not available, a producer withdraws his capital from the existing use and shits it to some other use.
Reason (R) : Normal profits refer to the minimum return that the producer expects from his capital invested in the business.
  • ✓
    Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A
  • B
    Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A)
  • C
    Assertion (A) is true but Reason (R) is false
  • D
    Assertion (A) is false but Reason (R) is true
✓

Answer

Correct option: A.
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A
A

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