Opportunity cost mtlb cost of wo opportunities jo maine gava di (chor di).😃 Ex- 40K nd 30K mae maine 30K ko choose kr 10K aur jyada paane ki opportunity gava di Therefore my OC= 10K Thank u Sir
Businessman had three options that are either to work as employee in a company and earn Rs.12,00,000 per year or to start a business of spare parts and earn expected income as Rs.15,00,000 per year or to work as partner in partnership firm and earn expected income of Rs.17,00,000. If he has decided to join as partner in partnership firm then what will be an opportunity cost of it?
The opportunities in which we are loosing incomes, then why the term "cost" is mentioned? In other words, why the opportunity cost can't be called as "opportunity income" coz in every opportunity we r loosing income?
Not in every case. What about the first example.. in that situation, it was actually the "cost" of the chocolate. In most of the cases we actually deal with the cost of the commodity, I guess that's why we call it opportunity "cost"?
Sir ur teaching so nice economics and stats also when I see ur stats video believe me after then I like solve the problem of stats.... My one request to u sir can u explain once demand forcasting methods ....please sir
Sir I request you to give us an easy and clear concept about opportunity cost and the optimal allocation of time....I can't understand about it....please make a video tutorial about it quickly..