alleryStart learning →A person quits an Rs 8 lakh job for a business earning Rs 5 lakh. Opportunity cost?
ARs 13 lakh
BRs 3 lakh
CRs 5 lakh
DRs 8 lakh
Answer & Solution
Correct answer: D. Rs 8 lakh
The opportunity cost is the value of the best alternative forgone, here the Rs 8 lakh salary.
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