Question

Rahul has three opinion of a job offering him a salary of 20000 25000-30000 what is the opportunity cost of Rahul

Answer 1

Because of monotonic prefercence and human behaviour,he will surely choose 30,000 and for choosing 30,000 . It's opportunity cost is 25,000.


#hint:- monotonic preference means a rational
consumber will choose that bundle
having more of one or both goods. for
example:- (2,3) (2,5) in between these
he will choose (2,5).

#hint2:- opportunity cost is the cost or value
forgone or sacrificed to get best alter
native.

I hope this answer will help you properly. and as soon as possible mark it as brainliest answer.

Answer 2

Answer:

obviously , Rahul choose the job of Rs. 30, 000 and than his opportunity cost is Rs. 25, 000