Deepak is working as a sales manager at a salary of Rs. 1,00,000 per month. He received 2 major job offers. He got an offer of Rs. 70,000 from Relaince Industry and offer of Rs.85,000 from Tata Industry. What is his opportunity cost for working as a sales manager?

Deepak is working as a sales manager at a salary of Rs. 1,00,000 per m

1.	Deepak is working as a sales manager at a salary of Rs. 1,00,000 per month. He received 2 major job offers. He got an offer of Rs. 70,000 from Relaince Industry and offer of Rs.85,000 from Tata Industry. What is his opportunity cost for working as a sales manager?
Answer» SOLUTION :In the given CASE, the next BEST offer DEEPAK is that of Rs. 85,000 from Tata industry. So, the opportunity COST of Deepak for working as a sales manager is Rs.85,000