Assertion (A): Comparative cost theory is static in character.
Reason (R): Comparative cost theory is based on fixed supplies of factors of production

Assertion (A): Comparative cost theory is static in character.
Reason (R): Comparative cost theory is based on fixed supplies of factors of production Correct Answer Both (A) and (R) are correct and (R) is the correct explanation of (A)

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Related Questions

"It is now expected that the variable production cost per unit and the selling price per unit will each increase by 10%, and fixed production cost will rise by 25%. What will be the new break even point?
Selling price - Rs 6 per unit
Variable production cost - Rs 1.20 per unit
Variable selling cost - Rs 0.40 per unit
Fixed production cost - Rs 4 per unit
Fixed selling cost - Rs 0.80 per unit
Budgeted production and sales for the year are 10,000 units."
Which of the following statements regarding static methods are correct?
1. Static methods are difficult to maintain, because you can not change their implementation.
2. Static methods can be called using an object reference to an object of the class in which this method is defined.
3. Static methods are always public, because they are defined at class-level.
4. Static methods do not have direct access to non-static methods which are defined inside the same class.
"What is the company's breakeven point:
Selling price - Rs 6 per unit
Variable production cost - Rs 1.20 per unit
Variable selling cost - Rs 0.40 per unit
Fixed production cost - Rs 4 per unit
Fixed selling cost - Rs 0.80 per unit
Budgeted production and sales for the year are 10,000 units."
"How many units must be sold if company wants to achieve a profit of Rs 11,000 for the year?
Selling price - Rs 6 per unit
Variable production cost - Rs 1.20 per unit
Variable selling cost - Rs 0.40 per unit
Fixed production cost - Rs 4 per unit
Fixed selling cost - Rs 0.80 per unit
Budgeted production and sales for the year are 10,000 units."
The trial balance shows Supplies Tk 0 and Supplies Expense Tk 1,500. If Tk 800 of Supplies are on hand at the end of the period, the adjusting entry is:
Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Identify the correct answer:
Assertion (A) Comparative politics is a science of politics.
Reason (R) Comparative politics relies on empirical method of study.
"S produces and sells one product, P, for which the data are as follows:
Selling price Rs 28
Variable cost Rs 16
Fixed cost Rs 4
The fixed costs are based on a budgeted production and sales level of 25,000 units for the next period. Due to market changes both the selling price and the variable cost are expected to increase above the budgeted level in the next period. If the selling price and variable cost per unit increase by 10% and 8% respectively, by how much must sales volume change, compared with the original budgeted level, in order to achieve the original budgeted profit for the period?"
If the labour cost 20% of the cost of production and raw material cost 10% of the cost of production and the price on which article is sold is 20% above the cost of production. If the price of labour is increased by 40% and the price of raw material increased by 20% and rest other expenditure of cost remain constant. The industrythus decide to increase the selling price by 10%. Find the new profit percent ?
Determine output:
public class InitDemo{static int i = demo();static{ System.out.print(i); }InitDemo(){System.out.print("hello1");}public static void main(String... args){ System.out.print("Hello2");} static int demo(){ System.out.print("InsideDemo");return 10;}}
Given below are two statements, one labelled as Assertion (A) and the other as Reason (R). Select the correct answer:
Assertion (A) According to Weber, comparative politics could be comprehended within the larger framework of culture, which he did by demolishing Marx's theory of economic determinism.
Reason (R) As without this rejection, his theory was totally untenable.