Question

A teacher can earn rs 60000 from teaching in a school...rs 70000 from tution....rs 90000 by writing a help book.What is the opportunity cost of teaching in school? Is it rs 60000 or rs 70000?Why?

Answer 1

it is 60000 rs because a teacher does not provide study material like worksheets whereas in tution centres they give material and is 1 on 1 teaching.