Saved Bookmarks
| 1. |
A teacher has job from two school ABC offers a salary of Rs. 14,000 and school PQR offers a salary Rs. 18,000. If the teacher at present draws a salary of Rs. 20,000 in school MNO, what will be opportunity cost? |
|
Answer» Present salary of a teacher in school MNO = Rs. 20,000 Two other alternatives (options to work) are : School ABC which offers salary = Rs. 14,000 School PQR which offers salary = Rs. 18,000 Therefore, Next best alternatives to school MNO = Rs. 18,000 (salary offered by school PQR). |
|