Question : Let's say you earn Rs. 40,000 a month from your job at a bank. Assume you also receive the following two job offers: (a) an executive position paying Rs. 30,000 per month; or (b) a journalist position paying Rs. 35,000 per month. The opportunity cost of working in a bank in the example provided is ____.
Option 1: Rs.35,000
Option 2: Rs.30,000
Option 3: Rs.40,000
Option 4: Rs.1,05,000
Correct Answer: Rs.35,000
Solution : Opportunity cost is the price paid to forego the next best option. In the example provided, the opportunity cost of choosing to work for a bank is the loss of Rs. 35,000 from the next best option. Hence, the correct option is 1.
Question : There are two partners A and B in a firm and their capitals are Rs. 50,000 and Rs. 40,000. The creditors are Rs. 30,000. The assets of the firm realise Rs. 1,00,000. How much will A and B receive or be paid?
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?
Question : The profits of the firm for five years were agreed at Rs.40,000; Rs.60,000; Rs. 30,000 (loss); Rs.10,000 (loss); and Rs.90,000 respectively. Q. Average profit is Rs ---
Question :
A debtor whose due of Rs.40,000 was written off as bad debts last year, paid Rs.30,000 in full settlement. The revaluation account will be
Question : Yogita sold a plasma TV at a 20% gain to Shyamla, and Shyamla sold it to Deepa at a 10% profit. If Deepa had to pay Rs. 33,000 for the plasma TV, find the cost price of the plasma TV for Yogita.
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