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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
Expert's answer
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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