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» <html><body><p>Rs. 25,000<br/>Rs.30,000<br/>Rs. 35,000<br/>Rs. 65,000</p>Solution :<a href="https://interviewquestions.tuteehub.com/tag/b-387190" style="font-weight:bold;" target="_blank" title="Click to know more about B">B</a>. A benefit, <a href="https://interviewquestions.tuteehub.com/tag/profit-1168589" style="font-weight:bold;" target="_blank" title="Click to know more about PROFIT">PROFIT</a>, or value of something that must be given up to acquire or achieve something <a href="https://interviewquestions.tuteehub.com/tag/else-printfhye-969701" style="font-weight:bold;" target="_blank" title="Click to know more about ELSE">ELSE</a>. Since every resource (land, money, time, etc.) can be <a href="https://interviewquestions.tuteehub.com/tag/put-11868" style="font-weight:bold;" target="_blank" title="Click to know more about PUT">PUT</a> to alternative uses, every action, choice, or decision has an associated opportunity cost.So, the best alternative forgone by <a href="https://interviewquestions.tuteehub.com/tag/ramesh-618332" style="font-weight:bold;" target="_blank" title="Click to know more about RAMESH">RAMESH</a> is his salary as an accountant of Rs. 30,000.</body></html>