Question

Atif is working at a salary of Rs. 35,000 per month. He receives two job offers:
(i)
To work as an accountant at a salary of Rs. 30,000 per month.
To work as a sales manager at a salary of Rs. 25,000 per month.
In the given case, his opportunity cost will be:
(c) Rs. 35,000
(d) Rs. 65,000
(a) Rs. 25,000
(b) Rs. 30,000
mure​

Answer 1

Answer:

option D is correct.

Explanation:

A benefit, profit, or value of something that must be given up to acquire or achieve something else. Since every resource (land, money, time, etc.) can be put to alternative uses, every action, choice, or decision has an associated opportunity cost. So, the best alternative forgone by Ramesh is his salary as an accountant of Rs. 30,000.