Read the following statements – Assertion (A) and Reason (R). Choose the correct option given below:
Assertion (A): China has used the market mechanism to create additional social and economic opportunities for its citizens.
Reason (R): Social infrastructure creation by the government has brought positive results in human development indicators in China.
Assertion (A): China has leveraged market reforms to promote economic growth and create social opportunities, such as higher employment and better income distribution.
Reason (R): The Chinese government also focused on social infrastructure, such as education and healthcare, leading to improvements in human development indicators.
Explanation: Reason (R) correctly highlights government efforts, but it does not fully explain the market mechanism's role in social and economic opportunities.
If the marginal cost of a firm is given as the function of output, \( C'(Q) = 2e^{0.2Q} \), and if the fixed cost is 75, find the total cost function.
Discuss any two benefits accruing from human capital formation.