5.Suppose an agricultural laborer earns ₹ 400 per day in her village. She gets a job to work as a babysitter in a nearby town @ ₹ 700 per day. She chose to work as an agricultural laborer. Which one of the following is the opportunity cost of the agricultural laborer?
A. ₹1,100
B. ₹700
C. ₹400
D. ₹300
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Answer:
400
Step-by-step explanation:
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