An unemployed person ramesh is looking out of a job ramesh received 2 job offer one for 20000 from icici bank and other offer of 15000 from hdfc bank what is the opportunity cost for ramesh if he accept the offer of icici bank

The opportunity cost of accepting job in icici bank is Rs. 15,000 as opportunity cost is the cost of next best alternate forgone. Here factor is employing himself in a job which gives him best returns.

  • 18
Ra. 15,000
  • -6
  • -1
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