Adil and Kratu are joining a master's program in management. Adil has freshly graduated out of college and has a job offer worth Rs 5 lakhs from a company. Kratu quit his job which earned him Rs 4 lakhs per year. Whose opportunity cost is more?

Adil

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Kratu

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Solution

The correct option is B
Adil

The opportunity cost for Adil is Rs 5 lakhs and for Kratu it is 4 lakhs.

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Adil and Kratu are joining a master's program in management. Adil has freshly graduated out of college and has a job offer worth Rs 5 lakhs from a company. Kratu quit his job which earned him Rs 4 lakhs per year. Whose opportunity cost is more?

The correct option is B Adil The opportunity cost for Adil is Rs 5 lakhs and for Kratu it is 4 lakhs.

The correct option is B
Adil

The opportunity cost for Adil is Rs 5 lakhs and for Kratu it is 4 lakhs.