Given below are two statements, one labeled as Assertion (A) and the other as Reason (R): Assertion (A): In general, iso-product (isoquant) curves are convex to the origin. Reason (R): In general, capital and labour are perfect substitutes. In light of the above statements, choose the correct answer from the options given below:

Question

Economics · Microeconomics

Verified Solution4 OptionsUpdated: October 2026👁️1 View

Share:

Correct answer

A is true, but R is false

Save this question and verified answer as a clean study sheet with live clickable link.

👥

Challenge your peer aspirants on WhatsApp or Telegram to solve this question!

Online Test Series

Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.

Chapter Practice

Want more practice questions on Microeconomics?

Solve complete topic-wise tests with detailed solutions on GkGet.

Recommended practice questions in Economics · Microeconomics

Who among the following founded the 'Forward Bloc'?

Which of the following statements regarding the Harappan Civilization is NOT correct?

Which ruler is generally credited with unifying much of Northern India under a single empire for the first time?

Answer 1

A is false, but R is true

Answer 2

A is true, but R is false

Answer 3

Both A and R are true, and R is the correct explanation of A

Answer 4

Both A and R are true, but R is NOT the correct explanation of A

Related Practice Questions