unemployed person Ramesh is looking out for a job Ramesh received to job offers 14 20000 from ICICI bank and - Economics - Introduction

Question

unemployed person Ramesh is looking out for a job Ramesh received
to job offers 14 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

Decoder_6 · Accepted Answer

Dear student

As opportunity cost refers to the loss of one alternative due to
selection of another
here if Ramesh choses ICICI bank job the oppurtunity cost will be
15000

Regards

unemployed person Ramesh is looking out for a job Ramesh received to job offers 14 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