Question

Mr Lahas 5 cres of land. He has two mujer business alematics-one+
manufacturing apparels, jeans ele second a famous group of hotel chains.
Thouch establishment of factory Mr Lalit aan een Rs. 10.000 monthly and
derough botels he can earn R. 15.00 000 mohly.
a) Why Mr Lalat is facing the problem of choice
(h) What is the alternative he should choose and why?
(e) Explain the concept of opportunity cost through this example
(d) State the these central problems of economy
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Answer 1

Explanation:

Mr Lahas 5 cres of land. He has two mujer business alematics-one+

manufacturing apparels, jeans ele second a famous group of hotel chains.

Thouch establishment of factory Mr Lalit aan een Rs. 10.000 monthly and

derough botels he can earn R. 15.00 000 mohly.

a) Why Mr Lalat is facing the problem of choice

(h) What is the alternative he should choose and why?

(e) Explain the concept of opportunity cost through this example

(d) State the these central problems of economy

TELL FAST