3. An individual who was working full time left his job and started a bakery on his own monthly he earned a revenue of 65,000 out of which he was paying 25,000 as salary, electricity 10,000 and raw material cost 12,000,-.He also had invested 200,000 in shares and he gets monthly dividend of 35% from the investment. He is staying in his own premises. Before coming into the business he was getting a salary of 75,000 monthly and he was earning part time he got 300$ per week. He rented out his premises and got a rent income 30,000$ per monthWhat is the opportunity cost if he starts his own business.(annual basis)

3 . An individual who was working full time left his job and started a bakery on his own monthly he earned a revenue of 65,000 out of which he was paying 25,000 as salary, electricity 10,000 and raw...

3. An individual who was working full time left his job and started a bakery on his own monthly he earned a revenue of 65,000 out of which he was paying 25,000 as salary, electricity 10,000 and raw material cost 12,000,-.He also had invested 200,000 in shares and he gets monthly dividend of 35% from the investment. He is staying in his own premises. Before coming into the business he was getting a salary of 75,000 monthly and he was earning part time he got 300$ per week. He rented out his premises and got a rent income 30,000$ per month

What is the opportunity cost if he starts his own business.(annual basis)

Jun 09, 2022