Latest update

# Help with assignment pls. Questions are in the Body section

2018-10-06 16:34:46

1.(a) After you graduate, you have decided to accept a position working at Bureau of Engineering research for Rs.10,00,000 per annum. The other offers you received were for Rs.8,50,000, Rs. 9,50,000 and Rs. 9,00,000. What is the opportunity cost of accepting the position at Bureau of Engineering research?

(b)You are deciding how many times to watch the movie PK. The total benefit that you receive from seeing the movie is shown in the table below. Tickets to view each show costs Rs. 100. How many times should you watch the movie, PK?

No. of times Viewing movie 1 2 3 4 5 6 7

Total benefit (Rs.) 300 500 750 900 1000 1050 1080

(c)Ayushi can prepare 15 drinks or grill 5 dinners per hour. Rita can prepare 10 drinks or grill 8 dinners per hour. Ayushi and Rita were to work in a bar and grille. Who would prepare drinks, who would prepare the dinners and why? Explain with the help of the relevant basic principles of economics.