Question

The opportunity cost of getting a job is:

Group of answer choices

the effort needed to find a job

the benefit you would have obtained if you had not taken the job

the benefit you obtained from taking the job

the income earned by taking the job

Answer 1

If we talk in simple terms then opportunity cost is the ratio of what we have to give to the what we get

In case of getting a job, the opportunity cost will be given by that option in which the opportunity that is lost for getting this job

The effort that is needed for finding a job will help in finding the job so it will not come under the opportunity cost

Similar case goes with the income earned because income is earned only if the person joins the job

But the opportunity cost here will be when the person has not taken the job and apply or do something else in work

So the correct answer here is option B