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Answer to Question #67500 in Microeconomics for Karan

Question #67500

A ceo earning 5 crores p.a. in a company. another company offers him 5.5 crores p.a. for a new assignment. what would be its opportunity cost?

Expert's answer

If a ceo has cousin company that offers 5.5 crones its opportunity cost will be 5 crones.

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