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Answer to Question #214770 in Microeconomics for abc

Question #214770
an unemployed person Ramesh is looking out for a job Ramesh received 2 job offer one for 20000 from icici bank and other 15000 from HDFC Bank what is opportunity cost for Ramesh if he accept offer of icici bank
1
Expert's answer
2021-07-07T13:48:14-0400

The opportunity cost of accepting job in HDFC Bank is Rs. 15,000 as opportunity cost is the cost of the next best alternative forgone.


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