Ramesh is working at a salary of Rs. 35,000 per month. He receives two job offers: (i) To work as an accountant at a salary of Rs. 30,000 per month,(ii) To work as a sales manager at a salary of Rs.25,000 per month. In the given case, his opportunity cost will be:

Ramesh is working at a salary of Rs. 35,000 per month. He receives two

1.	Ramesh is working at a salary of Rs. 35,000 per month. He receives two job offers: (i) To work as an accountant at a salary of Rs. 30,000 per month,(ii) To work as a sales manager at a salary of Rs.25,000 per month. In the given case, his opportunity cost will be:
Answer» Rs. 25,000 Rs.30,000 Rs. 35,000 Rs. 65,000 Solution :B. A benefit, PROFIT, or value of something that must be given up to acquire or achieve something ELSE. Since every resource (land, money, time, etc.) can be PUT to alternative uses, every action, choice, or decision has an associated opportunity cost.So, the best alternative forgone by RAMESH is his salary as an accountant of Rs. 30,000.