Question : A person is looking out for a job. He received 2 job offers: one for Rs.20,000 from HDFC Bank and other offer of Rs.15,000 from SBI Bank. What is the opportunity cost if he accepts the offer of HDFC Bank?
Option 1: Rs.15,000
Option 2: Rs.20,000
Option 3: Rs.35,000
Option 4: None of the above
Answer (1)
25th Jan, 2024
Correct Answer: Rs.15,000
Solution : Opportunity cost is the cost of next best alternative forgone. Hence, the correct option is 1.
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