In the name of ALLAH, the most beneficient, the most merciful

Economics (ECO401)

Question (select most suitable option)

  Saqib is planning to start his own business. Initial cost that has to be incurred is Rs. 50,000. But to do so, he has to quit a job which pays Rs. 120,000 a year. His opportunity cost of starting business is:
Rs. 120,000
Rs. 50,000
Rs. 80,000
Undetermined