ryanmelroyperera ryanmelroyperera

23-09-2022
Business

Answered

Imagine that you have purchased a motor bike for Rs. 240, 000 and you have not used it yet. But now you can sell it only at Rs. 192, 000 (second hand price). Now the price of an unregistered brand new bike is Rs.250, 000 of worth. What is the opportunity cost of holding this bike at the present?
(i) Rs 10, 000
ii) Rs. 192, 000
(iii) Rs. 240, 000
(iv) Rs. 250, 000
(v) Rs. 48, 000

Answer :

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