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Nilanjan Bhowmick AIR 3, CSIR NET (Earth Science)
- UGC NET
- Economics
I think answer should be d. kindly check.
(c) equal to the average rate (d) equal to the marginal sacrifice 23. Assertion (A): Relatively few private goods are totally rival and excludable. Reason (R) :Most consumption (and production) has at least some shared aspects Codes: le Both (A) and (R) are correct (6) Both (A) and (R) are mot correct (c) (A) is correct, but (R) is not the correct reason of (A) A) is correct and (R) is the correct reason for (A)
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Ravindra nath mahto![best-answer]()
Assertion is right because private goods follow the properties of rivalness and excludability. But the reason is not the correct explanation because if most of the consumption and production would have at least some shared aspects then there will be no rivalness and excludability for private goods.