Example 1. Deepak is working as a sales manager at a salary of 1,00,000 per month. He received
2 more job offers. He got an offer of 70,000 from Reliance Industry and offer of 785,000 from
Tata Industry. What is his opportunity cost for working as a sales manager?
Answers
Answered by
5
Answer:
In the given case, the next best offer Deepak is that of Rs. 85,000 from Tata industry. So, the opportunity cost of Deepak for working as a sales manager is Rs.85,000
Answered by
1
Answer:
Rs.85,000
Explanation:
Here, the next best offer Deepak is that of Rs.85,000 from Tata industry. So, the opportunity cost of Deepak for working as a sales manager is Rs.85,000
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