An unemployed salesperson has been offered a job pay... - Solved MCQs & Answer

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An unemployed salesperson has been offered a job paying Rs500 a week. He turns that job down and continues to search for another job that pays more. The cost of this continued search is?

ARs difference between the weekly salary he finally accepts and the Rs500 weekly salary that he has forgone

Bthe Rs500 weekly salary that he has forgone to search for another job

CThe Rs500 weekly salary that he has forgone and the monetary costs incurred by continuing to search

DRs0, since he is currently unemployed

Correct answer

C. The Rs500 weekly salary that he has forgone and the monetary costs incurred by continuing to search

Explanation

The correct answer is The Rs500 weekly salary that he has forgone and the monetary costs incurred by continuing to search.

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