Question

9.

Opportunity cost is the :

a) Number of units sacrificed

b) Cost of next best alternative foregone

c) Number of units gained

d) None of these​

Answer 1

Ans:-

B

explanation:-

it's like substitute..!

Answer 2

$\Large{\underline{\underline{\mathfrak{Correct \: Question :}}}}$

Opportunity cost is the :

(a) Number of Units sacrificed

(b) Cost of next best alternative forgone

(c) Number of units gained

(d) None of these

$\qquad\qquad\qquad$ ━━━━━━━━━━━━━━━━━━━

$\Large{\underline{\underline{\mathfrak{Answer :}}}}$

$\qquad$• Option 'B' is the correct option.

$\qquad$• Cost of next best alternative forgone

$\qquad\qquad\qquad$ ━━━━━━━━━━━━━━━━━━━$\qquad\qquad\qquad\qquad$ $\mathbb{\underline{\green{MORE \: TO \: KNOW :}}}$

$\qquad$ • Opportunity Cost refers to the cost of next best alternative foregone.

$\qquad$ • Example: Suppose, you are working in a school at a salary of ₹15,000 (per month). Now Suppose again, you receive three new job offers, which were as follows :

$\qquad$ • To work as an executive at ₹12,000 per month.To become a Journalist at ₹8,000 per month.To become a manager ₹7,500 per month

$\qquad$ • In the given case, opportunity cost of working in the school is the cost of next best alternative forgone, i.e. ₹15,000.