Question

Gopal inherited 1 acre of land from his father in 1960. Today the value of that land is Rs 90 lakh per acre. What is the opportunity cost of Gopal for keeping that land? His father paid Rs 50,000 for this land.
(a) Nothing, since the land was inherited
(b) Rs 50,000 which his father paid
(c) Rs 90 lakh, since the amount Gopal is getting now if he sells it
(d) Both (b) and (c)

Answer 1

hey mate ur answer is part c