An unemployed person, Ramesh is looking out for a job. Ramesh received 2 job offers: one for Rs. 20,000 from ICICI Bank and other offer Rs. 15,000 from HDFC Bank. What is the oportunity cost for Ramesh if he accepts the offer of ICICI Bank?

An unemployed person, Ramesh is looking out for a job. Ramesh received

1.	An unemployed person, Ramesh is looking out for a job. Ramesh received 2 job offers: one for Rs. 20,000 from ICICI Bank and other offer Rs. 15,000 from HDFC Bank. What is the oportunity cost for Ramesh if he accepts the offer of ICICI Bank?
Answer» ANSWER :RS. 15,000