Home
Class 14
GENERAL KNOWLEDGE
Suppose an agricultural labourer earns R...

Suppose an agricultural labourer earns Rs. 400 per day in her village. She gets a job to work as babysitter in a nearby town @ Rs. 700 per day. She chose to work as agricultural labourer. Which one of the following is the opportunity cost of the agricultural labourer?

A

Rs. 1,100

B

Rs. 700

C

Rs. 400

D

Rs. 300

Text Solution

Verified by Experts

Promotional Banner

Similar Questions

Explore conceptually related problems

A contractor employed 18 labourers at Rs 12 per day, 10 labourers at Rs 13.50 per day, 5 labourers at Rs 25 per day and 2 labourers at Rs 42 per day. The average wage of a labourer per day is

Shikha earns Rs 3000 for working in 8 days. How much will she earn if she works for 15 days?

A teacher is getting Rs. 6,000 per month as salary. If he leaves the job and starts tuition work, he is expected to earn Rs. 5,000 per month. What would be his opportunity cost?

A earns Rs. 80 per hour and work for 8 hours a day. B. earns Rs. 60 per hour and works for 6 hours a day. What is the ratio of per day wages of a and B?