Question

radhey can earn the salary of 10000 in a job. on the same time he can also earn 15000 if he start's a business Radhey's mother has advised him to start the business. Radhey needs your help in identifying the opportunity cost to him in the following:-
1. if chooses to start the business.
2. when he gets assured return in business
a. when he gets only 5000 in business.
b. when he gets 20,000 in business.
3. Retrenchment is going on and he lost his job

Answer 1

Answer:

When he gets assured return in business